THE POSSIBILITIES OF THE S-WALLET MOBILE APPLICATION.
The blockchain and digital currency industries are swiftly becoming a viable alternative to the global traditional economy. Due to the intrinsic advantages buried in the underlying blockchain technology enabling such innovative financial evolutions, the decentralized economy is becoming a favored environment among millions of customers around the world. Users can use the digital currency market for monetization, passive income, earning, trading, value-saving, and investing, allowing them to shift money away from traditional banks and into digital assets. Such dynamics are forcing not only traditional banking users, but also strata of entire nations' unbanked populations, to migrate into the digital economy, resulting in huge capital flows and overall increases in decentralized industry capitalization.
How does the S-wallet make money?
The app's business model is focused on collecting transaction fees through the S-Wallet. The following functionalities integrated inside the app will be used to collect the commissions:
- Setting up a staking pool for SWP tokens.
- S-Wallet is used for business transactions.
- Deposits and withdrawals to S-Car bank cards that are native to the country.
- Transfers and exchanges of cryptocurrency on user balances.
- There is a prize pool.
The S-Wallet Mobile app was created to overcome the security problems that many other online wallets have.
At the user level, the S-Wallet mobile application will be protected by several layers of security measures, including:
1. Touch ID security system
2. Use Face ID to log in.
3. Know-your-customer (KYC) procedures to ensure that users' personal informations and access keys are backed up individually and securely.
4. Verification of two-factor authentication authorization;
5. When transferring funds, 2FA confirmation is required as an added security feature.
When these aspects are integrated, they provide a high level of security while avoiding overly intrusive protection measures on the user's side.
The S-Wallet is a specialized online wallet that allows users to retain all of their assets in one place without having to go through various registration stages, manage different accounts, or remember a plethora of access codes.
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