The blockchain and digital currency businesses are fast evolving as a global alternative to the traditional economy. The decentralized economy is becoming a preferred environment among millions of consumers around the world due to its inherent advantages that are embedded in the underlying blockchain technologies supporting such disruptive financial evolutions. The digital currency market's numerous prospects for monetization, passive income, earning, trading, value-saving, and investments allow users to shift their capital away from traditional banks and into digital assets. Such dynamics are causing a general migration into the digital economy of not just traditional banking users, but also layers of entire nations' unbanked populations, resulting in large capital flows and overall rises in decentralized industry capitalization. Regardless of how advanced blockchain technologies become and how fast their transaction throughputs improve with each new upgrade in the myriad of networks on the market, the fact remains that all transactions in the decentralized industry take place through its constituent central access-points – wallets. Cryptocurrencies vary from typical fiat money in that they are stored directly within the blockchain ecosystem, rather than in a leather wallet or a virtual bank.
The S-Wallet is a specialized online wallet that allows each user to keep any asset they require in a single location without having to go through many registration steps, maintain multiple accounts, or remember a plethora of access codes. Individual and corporate users would not need to constantly hunt for multiple financial services to accomplish their daily duties involving crypto and fiat assets thanks to the wallet's versatile nature. Due to the implementation of an enhanced security mechanism, users' assets kept in S-Wallet will no longer be vulnerable to threats. The S-Wallet application will provide users with the convenience of making direct deposits and withdrawals to their bank cards. For added convenience, users can access their personal S-Wallet account in several ways, depending on their preferences through a web version or mobile application.