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BANKRUPTCY EXPERTS DISCUSS POSSIBLE DANGER OF USING DIGITAL WALLET APPS


Last week we discussed apps that can help you budget. As we’re now moving away from the “cash age” to the “app age” we’d like to explore the use of digital wallets and whether they’ll help you budget or blow the budget. Bankruptcy experts define what a digital wallet is A digital wallet is the equivalent of the physical wallet you have on your desk or in your pocket or your purse. A digital wallet refers to an electronic device that allows an individual to make electronic commerce transactions. This can include purchasing items on-line with a computer or using a smartphone to purchase something at a store. An individual s bank account can also be linked to the digital wallet. There are two types of digital wallets: Smartphone app for making financial transactions in a retail store such as the Starbucks app Desktop app for making credit card purchases online such as PayPal Our list of the 4 most popular digital wallets PayPal: One of the most popular and trusted digital w
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