Allied Wallet receives card issuing license from MasterCard
Online payment service provider Allied Wallet will now be able to issue MasterCard and Maestro cards in various regions of Europe after being licensed by MasterCard as an official issuer.
After being examined to be on par with MasterCard’s strict regulations for financial institutions as card issuers, Allied Wallet was granted the license from MasterCard. Allied Wallet’s license will allow the firm to issue MasterCard and Maestro cards in numerous regions in the EU including the UK, Germany, France, and Spain.
Similar to other Digital Wallet Digital Wallet A digital wallet is a popular mechanism referring to an electronic device, online service, or software program that allows one party to make electronic transactions with another party.This involves the bartering or exchange of digital currency, including cryptocurrency for goods and services. Money can be deposited in the digital wallet prior to any transaction, which also includes an individual's bank account that is linked to the digital wallet. A digital wallet can include more than just digital currency, but also credentials such as a driver’s license, a health card, or other forms of ID.Cryptocurrency Digital WalletsWithin the crypto space, digital wallets are a necessity and the only method for exchanging crypto or engaging in transactions.In order to own cryptocurrency, you must be in control of the crypto coin’s private keys. Private keys represent long strings of alpha-numeric characters. A digital wallet is the place where these private keys are stored. There are three types of cryptocurrency wallets: hardware, software, or paper. A cryptocurrency wallet can also be characterized as either “hot” or “cold”. A hot wallet is a wallet that is connected to the internet. These include wallets that are stored on web-connected devices such as computers or mobile phones.Some hot wallets allow you to store your cryptocurrency on your own device while others store your cryptocurrency for you on their own devices or depositories.Conversely, cold wallets are devices that are not connected to the Internet. These include encrypted storage devices and paper wallets.Both hot and cold wallets have their own positives and negatives. Security of a digital wallet is paramount as a breach can threaten the security of all its contents. A digital wallet is a popular mechanism referring to an electronic device, online service, or software program that allows one party to make electronic transactions with another party.This involves the bartering or exchange of digital currency, including cryptocurrency for goods and services. Money can be deposited in the digital wallet prior to any transaction, which also includes an individual's bank account that is linked to the digital wallet. A digital wallet can include more than just digital currency, but also credentials such as a driver’s license, a health card, or other forms of ID.Cryptocurrency Digital WalletsWithin the crypto space, digital wallets are a necessity and the only method for exchanging crypto or engaging in transactions.In order to own cryptocurrency, you must be in control of the crypto coin’s private keys. Private keys represent long strings of alpha-numeric characters. A digital wallet is the place where these private keys are stored. There are three types of cryptocurrency wallets: hardware, software, or paper. A cryptocurrency wallet can also be characterized as either “hot” or “cold”. A hot wallet is a wallet that is connected to the internet. These include wallets that are stored on web-connected devices such as computers or mobile phones.Some hot wallets allow you to store your cryptocurrency on your own device while others store your cryptocurrency for you on their own devices or depositories.Conversely, cold wallets are devices that are not connected to the Internet. These include encrypted storage devices and paper wallets.Both hot and cold wallets have their own positives and negatives. Security of a digital wallet is paramount as a breach can threaten the security of all its contents. Read this Term services like Google Wallet, Payoneer, and most recently Webmoney, the Allied Wallet MasterCard and Maestro cards will be associated to the user’s online account. When charged the amount will be deducted from the user’s account balance.
“Allied Wallet has strived to connect consumers and business owners from all over the world, connecting 196 countries and giving them a safe way to transact internationally and this issuing license will give us an even better way to service our eWallet users,” said CEO Andy Khawaja.
Allied Wallet currently supports over 100 million registered users. All users located in the supported regions of the MasterCard issued license will be eligible to apply for a card. The card will allow Allied Wallet users to use their account wherever MasterCard is accepted.
Online payment service provider Allied Wallet will now be able to issue MasterCard and Maestro cards in various regions of Europe after being licensed by MasterCard as an official issuer.
After being examined to be on par with MasterCard’s strict regulations for financial institutions as card issuers, Allied Wallet was granted the license from MasterCard. Allied Wallet’s license will allow the firm to issue MasterCard and Maestro cards in numerous regions in the EU including the UK, Germany, France, and Spain.
Similar to other Digital Wallet Digital Wallet A digital wallet is a popular mechanism referring to an electronic device, online service, or software program that allows one party to make electronic transactions with another party.This involves the bartering or exchange of digital currency, including cryptocurrency for goods and services. Money can be deposited in the digital wallet prior to any transaction, which also includes an individual's bank account that is linked to the digital wallet. A digital wallet can include more than just digital currency, but also credentials such as a driver’s license, a health card, or other forms of ID.Cryptocurrency Digital WalletsWithin the crypto space, digital wallets are a necessity and the only method for exchanging crypto or engaging in transactions.In order to own cryptocurrency, you must be in control of the crypto coin’s private keys. Private keys represent long strings of alpha-numeric characters. A digital wallet is the place where these private keys are stored. There are three types of cryptocurrency wallets: hardware, software, or paper. A cryptocurrency wallet can also be characterized as either “hot” or “cold”. A hot wallet is a wallet that is connected to the internet. These include wallets that are stored on web-connected devices such as computers or mobile phones.Some hot wallets allow you to store your cryptocurrency on your own device while others store your cryptocurrency for you on their own devices or depositories.Conversely, cold wallets are devices that are not connected to the Internet. These include encrypted storage devices and paper wallets.Both hot and cold wallets have their own positives and negatives. Security of a digital wallet is paramount as a breach can threaten the security of all its contents. A digital wallet is a popular mechanism referring to an electronic device, online service, or software program that allows one party to make electronic transactions with another party.This involves the bartering or exchange of digital currency, including cryptocurrency for goods and services. Money can be deposited in the digital wallet prior to any transaction, which also includes an individual's bank account that is linked to the digital wallet. A digital wallet can include more than just digital currency, but also credentials such as a driver’s license, a health card, or other forms of ID.Cryptocurrency Digital WalletsWithin the crypto space, digital wallets are a necessity and the only method for exchanging crypto or engaging in transactions.In order to own cryptocurrency, you must be in control of the crypto coin’s private keys. Private keys represent long strings of alpha-numeric characters. A digital wallet is the place where these private keys are stored. There are three types of cryptocurrency wallets: hardware, software, or paper. A cryptocurrency wallet can also be characterized as either “hot” or “cold”. A hot wallet is a wallet that is connected to the internet. These include wallets that are stored on web-connected devices such as computers or mobile phones.Some hot wallets allow you to store your cryptocurrency on your own device while others store your cryptocurrency for you on their own devices or depositories.Conversely, cold wallets are devices that are not connected to the Internet. These include encrypted storage devices and paper wallets.Both hot and cold wallets have their own positives and negatives. Security of a digital wallet is paramount as a breach can threaten the security of all its contents. Read this Term services like Google Wallet, Payoneer, and most recently Webmoney, the Allied Wallet MasterCard and Maestro cards will be associated to the user’s online account. When charged the amount will be deducted from the user’s account balance.
“Allied Wallet has strived to connect consumers and business owners from all over the world, connecting 196 countries and giving them a safe way to transact internationally and this issuing license will give us an even better way to service our eWallet users,” said CEO Andy Khawaja.
Allied Wallet currently supports over 100 million registered users. All users located in the supported regions of the MasterCard issued license will be eligible to apply for a card. The card will allow Allied Wallet users to use their account wherever MasterCard is accepted.