FinTech Magazine June 2024 | Page 99

WHAT IS A “ SUPER WALLET ”?
The Evolution and Stabilisation of BNPL Services BNPL services are reshaping consumer credit , especially among younger demographics accustomed to the immediacy of digital shopping . The appeal of BNPL lies in its simplicity , aligning well with the digital-first lifestyle of newer generations .
As these services mature , experts like Elena Bazhenova from Exactly predict that BNPL services will stabilise , courtesy of regulatory frameworks and market maturation .
A “ super wallet ” typically refers to a digital wallet that offers a wide range of features beyond just storing cryptocurrencies . Unlike a basic digital wallet , a super wallet may include additional functionalities such as integrating various financial services , supporting multiple types of digital assets ( like cryptocurrencies , tokens , and even non-fungible tokens or NFTs ) and offering services like staking , lending , or swapping assets directly through the wallet interface .
In short , it ’ s a more advanced and versatile tool for managing digital finances , often aimed at providing a comprehensive financial platform in one application . fintechmagazine . com 99