To store payment information for making a transaction online for several payment methods, the software used to do so is known as Digital Wallet (E-wallet). Online transactions can be done quickly and easily via digital wallets. The software creates and remembers a strong password for you, making it secure and easily accessible. Digital wallets are linked with your mobile phone and can be used with smartphone payment methods. It can also be sued to store voucher cards and coupons. One of the primary uses of digital wallets is making the transaction of cryptocurrency. Without these, many cryptocurrencies are difficult to process and access.
E-commerce and the climate – people order and pay online and, ideally, the goods are delivered to their doorstep. Is that harmful to the climate or not? The topic of climate protection and the environment is becoming more and more important as time goes on. It should not only be a topic, but also lead to active actions for a better climate and furthermore also to a conscious use of available resources. Doing without disposable products like paper plates contribute to a better environment. Sounds logical and convinces quite a few people, but what about shopping? Does it really help the climate if we refrain from shopping online because we are under the belief that online commerce harms the climate more than shopping locally?
Blockchain was first introduced in 2008 when Satoshi Nakamoto’s pseudonym introduced a white paper on the blockchain. Expanding from there, in 2009, blockchain was first used by the general public as a means of transaction of cryptocurrency. In 2021, it is expected that many industries and companies beyond cryptocurrencies will use blockchain for several purposes.
With the widespread use of the Internet and the resulting increase in the use of online services, the risk of encountering fraudulent individuals is rising for private customers, business customers and the companies themselves. Accordingly, for security reasons it is important and often mandatory to identify the customers of payment service providers by means of Know-Your-Customer (KYC). It is particularly necessary in all areas of the financial sector. These are obliged to comply with money laundering laws (anti-money laundering) and the associated identification of users. This means that anyone who wants to open and use an account with a payment provider must go through this procedure. Identification is used, for example, to detect people who have stolen other people’s data. With the right identification procedure, it is almost impossible to be confirmed with false personal data.
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PayPodo operates under CustomHash AG, a company registered in Germany with Legal Entity Identifier 391200VTCFSYUNN7YA32 and with offices at Oberwallstraße 6/4, 10117 Berlin, Germany. CustomHash AG (Certificate) is an authorized Electronic Money Institution intermediary of Verified Payments UAB (Licence No. 27), which is a licensed Electronic Money Institution supervised by Bank of Lithuania under the Electronic Money Regulations.