What are the main differences between digital wallets and traditional banking?
Digital wallets allow for quick online transactions and mobile payments, while traditional banking involves physical branches and checks.
Are digital wallets safer than traditional banks?
Digital wallets use encryption and two-factor authentication, making them secure, but traditional banks also have strong security measures.
Can I use a digital wallet for all my banking needs?
While digital wallets are great for payments and transfers, they may not offer all services like loans or mortgages that traditional banks do.
What are the fees associated with digital wallets compared to banks?
Digital wallets often have lower fees for transactions, but some may charge for certain services, while traditional banks may have monthly fees.
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