A research paper published by Merchant Machine, a mobile crypto wallet service, predicts that There will be 4.4 billion mobile wallet users.
A research paper published by Merchant Machine, a mobile wallet service, predicts that There will be 4.4 billion mobile wallet users by 2024, or the next two years, as Merchant Machine discovery reveals that with the COVID-19 pandemic, digital wallets are gaining popularity. more popular causing the researchers to speculate that The number of wallet users will grow 44.50% from 2020 to 51.70% in 2024.
Wallets users tend to skyrocket.
The number of mobile wallet address users has grown exponentially since the COVID-19 pandemic. Research conducted by Merchant Machine has come out predicting that This current continues to grow stronger. Researchers have been conducting research since 2015. Now the number of mobile wallet users has tripled, and it is estimated that by 2022, there will be $1,639.5 trillion in cash flow from here.
The report states that digital wallets provide a number of conveniences. as well as having a very good level of safety as well as the increasing number of smartphone users around the world and upgrading the digital society These are the main reasons why more people are turning to digital wallets. For example, Alipay is a mobile wallet with more than 650 million users worldwide, followed by Wechat. There are 550 million users.
The new generation may receive salary via Wallet.
Other Wallets include Apple Pay, Google Pay, and Paypal, while the number of credit/debit card users has increased for more purchases. It is highly likely that the new generation will be able to receive payroll by fund transfer in Wallets as it saves time and reduces the cost of transferring payroll into the bank account of employees or move to Web3 in the future.