Research shows that digital wallet adoption has soared since the start of 2023.
PYMNTS Intelligence, a research firm specializing in financial trends, released a report on e-commerce adoption among different age groups.
Based on responses from 2,722 consumers in the US, PYMNTS found that younger consumers are increasingly using digital wallets for their purchases despite general similarities in trends across retail and travel sectors.
While younger millennials and Gen Z are the most likely to use digital wallets for making purchases, the report revealed that digital wallets account for 16% of online payments across various age groups.
PYMNTS also found that the preference for digital wallets is even higher for cross-border transactions, as 42% of respondents in a separate survey said that digital wallet transactions are their “go-to” when sending money abroad.
Those surveyed indicated multiple reasons for their preference compared to traditional methods, including:
- Higher trust levels in digital wallets
- Lower fees
- Quicker clearance times
The digital wallet market will inevitably expand as support for cryptocurrency-based payments grows. However, there are several barriers to adoption, not least the technical expertise required to make transactions in current digital wallet solutions.
That’s where Best Wallet ($BEST) aims to disrupt the market. Unlike traditional browser-based digital wallets, Best Wallet is betting that the future of digital payments is on mobile devices.
Read on to discover why the Best Wallet Token ($BEST) is set to surge due to growing interest in digital wallets.
Best Wallet – A Cross-Chain Wallet Built for the Mobile-First Generation
Best Wallet Token ($BEST) is the native token of Best Wallet, an innovative crypto wallet solution designed to operate across multiple blockchains smoothly with a user-friendly mobile interface.
Best Wallet lets you manage your entire crypto portfolio from a single app, rivaling outdated wallets like MetaMask by making cross-chain swaps between platforms like Ethereum and Solana easier and providing in-app access to the hottest presale tokens.
The underlying security is powered by Fireblocks MPC-CMP wallet technology, allowing you to create secure cloud backups of all your multi-chain wallets. You can try it out for yourself, as Best Wallet is already available for download from both Google Play and the Apple App Store.
The $BEST token powers the Best Wallet ecosystem. Crypto swap fees are reduced when you use $BEST to make transactions, which is perfect if you want to benefit from the in-app presale market. $BEST holders also get early access to trusted presales.
If there are features or blockchains you’d like to see added to the Best Wallet app in the future, $BEST also lets you participate in a DAO and vote on key decisions for Best Wallet’s future roadmap.
Best of all, $BEST provides some lucrative staking rewards. If you buy $BEST before launch, you can earn 87% annual returns on the tokens you stake.
The presale is still active and has generated over $15.3M in token sales so far, with a release scheduled no later than December 31st, 2025. At the time of writing, 1 $BEST costs $0.025575.
However, if the presale maintains the current momentum, we expect $BEST to sell out earlier in Q4 2025.
Purchase $BEST today before the presale ends.
The Future is Bright for Digital Wallets
The PYMNTS report confirms something we’ve suspected for a while: younger people are adopting digital payments instead of traditional banking because it provides more convenience, lower fees, and fewer barriers to entry.
That’s why we expect $BEST to benefit greatly from the broad install base for Best Wallet as we eagerly await the token launch.
All crypto products are volatile. Always do your own research before investing and only invest what you’re prepared to lose. This article is not financial advice.
Authored by Bogdan Patru, Bitcoinist – https://bitcoinist.com/report-reveals-preference-for-digital-wallets-best-wallet-to-pump/
