Eternity Law International News E-wallets in 2020

E-wallets in 2020

Published:
July 3, 2020

E-wallets in 2020 are an urgent issue. An e-wallet is an analogue of a regular bank account and cards attached to it: there can be one or more of them.

The difference between a regular bank account and an e-wallet is that a classic account allows you to use real funds, and an electronic one only allows virtual assets, among which are your cryptocurrencies.

The tendency to increase E-wallets in 2020 makes the adoption of the law important, and we believe that in 2020 it will be adopted and resolve the current situation.

In existing realities (there is no law yet), the main function of an e-wallet is to make payments for services or goods, bypassing the standard banking system.

This gives the potential to perform operations much more efficiently, while preserving some illusion of a namelessness, but experts on electronic assets disagree with this thesis.

PAYEER

Obligations:

  • user identification at will;
  • lack of limits;
  • the ability to pay using the API;
  • various replenishment methods;
  • anonymity, in the absence of identification;
  • inaccessibility of blocking user wallets;
  • the presence of a payment card;
  • benefits of affiliate service (special conditions from the system);
  • the presence of a referral program.

ADVCASH

Conditions imply the presence of:

  • multicurrency wallet, currency exchange, virtual and real plastic cards;
  • the ability to transfer funds to different countries (there are more than 200 in the list);
  • simplified registration;
  • support for different currencies;
  • several options for replenishing funds using non-cash payments, online banking and e-money;
  • many methods of withdrawing finances using Mastercard, Visa, payment systems and exchangers;
  • the ability to pay for mobile telecom operators;
  • the ability to pay for a purchase or service without paying a commission and withdraw cash in any city in the world;
  • advanced tech support;
  • the safety of operations.

PERFECT MONEY

It is distinguished by the following conditions:

  • high user popularity ($ 2 billion is a turnover);
  • a small commission (0.5%) when identifying an account;
  • the ability to make payments via the Internet in the required monetary units;
  • multilingual interface;
  • availability of replenishment options through exchange offices and e-vouchers, transfers through a bank and BTC;
  • increased anonymity;
  • special agreements for users of the corporation;
  • decent level of technical support service.

EPAYMENTS

It is characterized by the following conditions:

  • more than 500 thousand customers from more than 100 countries of the planet;
  • annual transactions of more than 100 million;
  • the absence of restrictions on mass payments, using, e-mail, phone number or wallet;
  • the ability to replenish the account with tokens, through bank transfers, the use of a payment system or plastic cards;
  • a simplified procedure for withdrawing money through the EPayments system, using Visa, Maestro or Mastercard cards, to a bank account or Yandex money;
  • availability of currency exchange options, without the use of inevitable identification;
  • issuing to all customers a Mastercard – universal, which allows you to pay for goods without interest and cash out when traveling around the world.

The accounting department of the company must compile quarterly, annual financial reports and provide declarations to the tax service. Contact us for more information.

You could be interested

Cryptolicense in Kazakhstan

To date, Kazakhstan`s representatives of the local central bank have issued guidelines with recommendations for corporations who want to work in the field of a cryptocurrency exchange in Kazakhstan. These rules were adopted a year ago. According to the recommendations, for corporations wishing to work in this area, an obligatory point is to get a...

White Label gaming solution

What is White Label in the world of gaming A White Label item is an innovation that a specialist makes for distributing it, that is, for sale to other companies or for leasing. Different firms rename this item and, thusly, sell it as their own solution. This is a great deal for both parties. Supplier...

Offshore VASP license

Fintech services are actively developing today. Every month new corps are enlisted in many countries, which are ready to work in this sphere. Traditionally, most attention is paid to offshore zones. Such territories have the most applications to the controlling authorities for obtaining the relevant authorization documents. However, the legislation in this area also changes...

Portugal's Visa for freelancers

Portugal has revealed the conditions for its much awaited EU visa for remote workers, allowing employees earning 4 times the country’s minimum wage to live and operate in the charming European country. Portugal Visa is a perfect opportunity for workers online. What is a visa for freelancers? It is the permission that lets you do...

Company registration in Thailand

Thailand’s legal framework is geared towards supporting domestic business, which is why government agencies are reluctant to provide foreign investors with the ability to hold and freely manage assets. A non-resident owner can own the capital in its entirety only if he receives an appropriate license. The government agency issues such permits only to those...

Invitation for residents of other countries

An invitation for residents of other countries to Ukraine is a form of a certain type, which gives a resident of another state, whether or not registered, the opportunity to obtain permission to enter Ukraine. Since the second quarter of 2017, the list of documentation to issue a permit has changed. In addition to other...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Washington

1629 K St. Suite 300 N.W.

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7