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digital wallet

[ dij-i-tl wol-it, waw-lit ]

noun

  1. an electronic device, website, software system, or database that facilitates commercial transactions by storing a consumer's credit card, shipping address, and other payment data.


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Word History and Origins

Origin of digital wallet1

First recorded in 2010–15
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Example Sentences

The password will let him unlock a small hard drive, known as an IronKey, which contains the private keys to a digital wallet that holds 7,002 Bitcoin.

This stops rival payments companies from establishing their own lucrative digital wallets in Apple’s ecosystem.

From Fortune

The Novi team is building a digital wallet that will eventually hold Diem coins, Levey said.

From Fortune

Those connections would help the company further its push into new areas like real-time payments and digital wallets.

From Fortune

On a broader level, Schulman pointed to the fact that companies and central banks are experimenting with cryptocurrencies, and to the utility of digital wallets.

From Fortune

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