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Press Release / Business / Smart Wallets Market By Material Type (Metallic and Non-metallic) - Growth, Future Prospects, Competitive Analysis and Forecast 2017 - 2025

Smart Wallets Market By Material Type (Metallic and Non-metallic) - Growth, Future Prospects, Competitive Analysis and Forecast 2017 - 2025

By Chris Smith on November 11 2017 | 7 Views

Smart Wallets Market By Material Type (Metallic and Non-metallic) - Growth, Future Prospects, Competitive Analysis and Forecast 2017 - 2025

Smart wallets are essentially digitally connected wallets which can carry various payment cards and money. Enabled with connectivity to smartphones, smart wallets offer numerous features such as tracking, detection and locating wallets through the smartphone application. Currently, smart wallets make use of technologies such as Bluetooth, global positioning systems (GPS), near field communication (NFC) and cellular networks, among others to communicate with smartphones and offer other payment and alarming features. Smart wallets make use of the Bluetooth technology to keep a track on the distance between the user carrying his or her smartphone and the wallet itself. Once the smart wallet gets out of the range and loses Bluetooth connectivity, the smartphone application quickly raises an alarm alerting the user. In addition, most of the latest smart wallets available in the market offer bi-directional connectivity enabling tracking of the smart wallet through the smartphone and vice versa. Some of the other features offered in the latest smart wallets include usage of a micro camera to click a picture once the wallet is opened in theft mode. The picture clicked in this mode is immediately sent to the user’s smartphone along with the current location of the smart wallet. Thereby, smart wallets have offered a viable solution for users from all across the world to track and locate their lost or stolen wallets. Some of the other security features include RFID blocking which prevents malicious reading of contactless cards stored in the wallet.
To Get Full Report http://www.credenceresearch.com/report/smart-wallets-market



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