DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..
A blockchain wallet is a digital wallet that allows users to store and manage their bitcoins, ethers, and other cryptocurrencies. Cryptocurrency wallet may also refer to the wallet service provided by Blockchain, a software company founded by Peter Smith and Nicolas Cary. The blockchain wallet allows cryptocurrency transfers and the ability to convert them back to the user’s local currency.
Electronic wallets allow individuals to store cryptocurrencies and other digital assets. In the case of Blockchain Wallet, users can manage their balances in various cryptocurrencies, such as the well-known Bitcoin and Ether, as well as Stellar, Tether, and Paxos Standard.
Users can send a request to another party for a specific amount of Bitcoins or other crypto-assets and the system will generate a unique address that can be sent to the third party or converted to a quick response code or QR code for short. A QR code is similar to a barcode that stores financial information and can be read by a digital device.
A unique address is generated for each user request. Users can also send crypto-assets when someone provides them with a unique address. The process of sending and receiving is similar to sending or receiving funds through PayPal but uses cryptocurrency instead. PayPal is an online payment provider that acts as an intermediary between customers and their banks and credit cards by facilitating online transfers through financial institutions.
Share on
Share on
DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..