Mobile and free. Music learning course because german may be easy. It. Is to see to bend again. Leapt on to other. Than clots of common v. But if it. Was reprogrammed. Kind of tied to fasten on the net now ive. Heard this is the national yeah ive already called. Im thinking with younger sister about 1000 of house a lot hotter. Now than present yourself lifetime contacts mention that if youre michael. Klein a fashion elf policy. Called some of his itself thats 500. 00 decent. Does it ever was a. Lesser one to go on for. This might soon be a thing of the past who needs cash when you can just as easily pay with an easy wallet worldwide digital wallets and our smartphones are growing more and more popular what systems on the market how do they differ from one another and how safe are they i would topic so they arent the. Most evil lets com a smartphone apps. That Biometric Solutions to suing your own hand might replace your wallet scanner authorize the payment and thats it business theres a pacing up on the trend and offering more Payment Services facebook even announced its own app recently but which one is right for me. That might depend on where you live and what you plan to use it for. A bouquet of flowers without any cash to many its already an ordinary part of daily life. Let users pay quickly and easily theres a wide range of apps to choose from. You can get the wallets through your bank then its basically an extension of your regular account on your smartphone the other are connected to your mobile plan they conduct transactions via text message there is also a growing number of other providers whether Global Players for worldwide payments like google pay your pay pal or for certain countries and currencies like hourly pay in china or in india. The main principle stays the same. Are for storing money. The balance usually comes from a bank account or credit card or is topped up in cash the app lets you pay you by clicking a button scanning a q. R. Code or with Near Field Communication i use it mostly because theyre really kind of because you can pay everywhere and anywhere with your mobile phone and it takes away the hassle of dealing with cash or dealing with physical credit cards with. And that comes directly from your bank account. User should look out for fees though often sending money to friends is free of charge but many providers make a profit on other transactions charges 5 percent on International Money transfers for instance that can become costly in the long run. So heres a checklist for finding that your wallet thats best for your needs what countries and currencies doesnt work and how can i top it up what Payment Options do i have and what does the option i use most cost and as always its also important to look out for your security personal data. Expert julie martin has some basic advice for choosing the right provider look for multiple factor authentication look for making sure that there is a backup. And make sure that they are warning you about how you should be interfacing with the technology. Whether or not my money is safe depends on how i keep it leaving my wallet is probably a bad idea using 1234 as a password for my wallet also not the best but providers need to maintain Security Standards to. Technically speaking most do you want to buy serious providers are well protected the data is encrypted and stored on secure service its recommended to use which have been checked by at least 2 i. T. Security Companies One risk remains humans passwords need to be protected and you want to use are a popular target for phishing attacks which enable criminals access to what is digital wallets. This is the power and the danger of mobile banking you are your own bank and if you have bad security practices you lose your phone or something happens then you are the one who is going to suffer the consequences of that like Online Banking most do you want to use 2 factor authentication for example password and fingerprint what if a transfer fails or though some providers have accommodating rules similar to a bank but that is not a given equal it usually circumvents the middlemen making a profit and if there is no longer an intermediary there who is making money off of you. Then you have a danger that youre not going to get that charge back theres nobody to charge it to send it back to you. So. Some risks but doesnt money always. How does mobile payment compare to other common methods we took a closer look. How secure is using it compared to using a credit card online the only way to answer that question is it depends it depends on the wallets and on the online Payment System there are you wallet systems that are more secure than some of the online Payment Systems that are in use today and vice versa. I would prefer the wallets to using the credit card in the store because youve removed the Human Element you dont have the cashier taking your credit card potentially copying it or memorizing it or whatever. And you will it is definitely more secure in the sense that. You dont have to worry about terry physically keeping the cash with you all the time and having enough to pay every time i give my kids cash they seem to lose some of it for example if they never lose their phones. So when it comes to security lets make a good impression but what about user data and the Electronic Transaction leaves a digital footprint when it comes to wallets but information is not only available to my bank but also to Service Providers like google or pay pal digital wallet is just another step towards transparent customers i mean cash has a certain anonymity to it that people like. You dont quite have in the same way with with digital currency. Digital transactions create footprints which many providers also use data about payments absolutely is being used about you absolutely using Huge Industry people making lots of money by analyzing payment flows from many users however the advantages outweigh the risks. All these private corporations know exactly what youre spending behavior is like what you are like as a shop where your your behavior patterns essentially and that might be uncomfortable for some people but i personally its not a big issue i would rather my transactions be tracked. Back safe rather than not tracked but not say. In the end we need to choose whats most important to us. Fun fact in germany were huge fans of hard cash hardly anyone uses wallets here other European Countries are less cash crazy in going in a via more people prefer a mobile payment and in many Asian Countries it has long become a part of daily life china expects half a 1000000000 customers to use wallets in 2090. Theres no wonder its simpler less expensive and quicker than your plastic bag if i wanted to transfer money from my regular bank on a friday afternoon for example i have to wait until monday morning for it to be processed when i use my wallet the recipient instantly receives the money along with the message that it has arrived and the best part is i dont always need a bank account for about. The World Bank Estimates that globally about 1700000000 people dont have access to a bank account for them could enable access to the financial system. One example is the digital Payment System and. It started in 2007 in kenya and is available in other african countries in india and in parts of eastern europe. The account is linked to a mobile phone number users can pay bills or transfer money by text message a Large Network of employees agents allows for the digital wallets to be topped up one of the interesting things about electronic quality is that in places where the Banking System is less developed the least developed you find the higher levels of comfort with using digital well thats simply because people will grasp on to any alternative that works back in the unbind has come to facebooks attention to the plan to its caliber is supposed to be integrated into Facebook Messenger whats up users couldnt do worldwide payments in facebooks own currency libra the project has raised International Criticism but facebooks entrance on to the strongly regulated Financial Market should give mobile payments another boost i think most likely in the next 5 years we will see big movements towards global capabilities because of players like we chat and facebook and others with these massive platform reach pushing the sector forward and as they. Sort of help break down the barriers with governments to get on board and allow this cross jurisdictional use country to country use of these kinds of currencies it will become easier and easier. Facebooks idea isnt necessarily a new evil its using crypto currency is a bit coin have been around for years they encrypt transactions with blocks in technology which makes them particularly safe. Currencies only exist digitally and are not regulated by any bank the most well known ones are bitcoin and. The term comes from the greek word crypto meaning secret or hidden it points toward the cryptographic encryption used for all components of the currency system. This technology is much safer than usual encryptions all information from balance a transaction is secured in a block chain meaning in a cryptographically encrypted protocol this way user data is stored safely. Depending on the type of currency some of them are fully anonymous and nobody can see your payment history and that is a much more secure way of maintaining anonymity and payments. Could potentially be as secure or more secure than cash. But this anonymity only comes with specific cryptocurrency the advantages of digital wallets are easy to use they allow for quick transactions with a high level of security at least when you follow basic Data Protection guidelines one big disadvantage is the Sensitive Data you leave behind when you pay how much money i spend on water and when is very interesting to businesses and theyre willing to pay huge amounts to know whats it like for you wish you well as do you use and why. That is now become a part of the shift community on you tube and subscribe to our channel been look at everything from Artificial Intelligence and robotics to gaming and gadgets so youre there by by. Entering the conflict zone with Tim Sebastian its not as if scientists have been warning for a long time about a pandemic but the politicians didnt seem to take much notice of the lack of preparation is now becoming clear my guest this week from brussels is the european commissioner for home affairs young handsome going to europe believe hell get it so wrong conflict. Next on t. W. The commission has been able to act very quickly if you cant find Common Solutions to common problems whats the point of the e. U. Member states realize that they really need each other to say its always difficult doesnt cut it we will come out of this were just from the corporations its not as if someones whos hadnt been doing it for a long time about a pandemic thank god but the politicians in many European Countries didnt seem to take much notice