Crypto Wallets Are on A Mission to Replace Banks
Some people strongly believe that virtual currency is likely to supersede the modern financial system. Others think that crypto is powerful enough to maintain the value of your assets, just like gold. Every scenario has its own advantages and disadvantages, but all share a common bond — a crypto wallet.
The role of such an undeniably ingenious invention can be compared to a traditional bank. It stores and protects assets, by enabling customers to transfer or receive money. But here comes a but. The bank acts as an intermediary, some third party knowing every movement of yours. The good news is the cryptocurrency wallet offers similar functions but without total control. So it has all chances to displace financial institutions in the not-too-distant future, making banks a thing of the past. Judge for yourself:
Why would you go to a bank, when a crypto wallet ensures continuous access to your coins?
It is a perfect way to keep your data safe. Banks know their customers and the customers’ business activities. But everything changes once you step into the world of magic internet money. It makes privacy more accessible. Decentralization, that’s the name of the game.
Web-based, mobile, and desktop wallets offer lower commissions.
If that doesn’t get your brain melting, then how about this? Crypto offers a new payment method with instant “delivery”! You don’t have to stand in line for hours or make sure a bank transfer happened the way its representatives say. All transactions are conducted with minimal headaches in a matter of seconds.
For example, Paypolitan App offers lots of features:
1. Internal ERC20 wallet
2. Connecting external wallets
3. Wallets management (exporting private keys, default wallet)
4. Importing wallets
5. Contacts management
6. Profile management
7. Custom tokens
8. Tokens transfers (contacts, QR code)
9. Tokens swapping using Uniswap
10. EPAN and POLVEN staking (internal & external wallets)
11. Compound liquidity pools investments
The grand takeaway here? Cryptocurrencies hold a certain cutting-edge allure for investors. Once they open the door into the bigger world, we’re face-to-face to our financial independence.