into the german culture. and stereotype class if you think it's the youth of the country that i don't. think that is grammar. it's all that good a bomb i'm a joke. and you post. this might soon be a thing of the past who needs cash when you can just as easily pay with the wallet worldwide digital dollars an hour smartphones are growing more and more popular what systems on the market how do they differ from one another and how safe are they i will top it so they are. most able let's com

a smartphone apps. that biometric solutions to your own hand might replace your wallet a scan authorized at the payment and that's it business is a picking up on the trend and offering more payment services facebook even announces on simply but which one is right for me. that might depend on where you live and what you plan to use it for. a bouquet of flowers without any cash to many it's already an ordinary part of daily life. let users pay quickly and easily there's a wide range of apps to choose from. you can get the wallets through your bank then it's basically an extension of your regular account on your smartphone the other are connected to your mobile plan they conduct transactions via text message there is also a growing number of other providers whether global players for worldwide payments

like google pay or pay pal or for certain countries in currencies like hourly pay in china or pay t.m. in india. the main principle stays the same. are for storing money. the balance usually comes from a bank account or credit card or it's topped up in cash the app lets you pay by clicking a button scan the q.r. code or with near field communication i use mostly because they're really kind of because you can pay everywhere and anywhere with your mobile phone and it takes away the hassle of dealing with cash all with physical credit cards with. code and comes directly from your bank account. user should look out for fees though often sending money to friends is free of charge but many providers make

a profit on other transactions charges 5 percent on international money transfers for instance that can become costly in the long run. so here's a checklist for finding that your wallet that's best for your needs what countries and currencies doesn't work and how can i top it up what payment options do i have and what does the option i use most cost and as always it's also important to look out for your security personal data. expert julie martin has some basic advice for choosing the right provider look for multiple factor authentication look for making sure that there's a back up. and make sure that they are warning you about how you should and shouldn't be interfacing with the technology. whether or not my money is safe depends on how i keep it live in my wallet is probably a bad idea using 1234 as

a password for my. also not the best but providers need to maintain security standards to. technically speaking most do you want to buy sirius provided well protected the data is encrypted and stored in secure service it's recommended to use which have been checked by at least 2 security companies one risk remains humans passwords need to be protected and you want to use our popular target for phishing attacks which enable criminals access to what is digital wallets. this is the power and the danger of mobile banking you are your own bank and if you have bad security practices you lose your phone or something happens then you are the one who is going to suffer the consequences of that like online banking most do you want to use 2 factor authentication for example password and fingerprint what if

a transfer fails or though some providers have accommodating rules similar to a bank but that is not a given for an equal it usually circumvents the middleman making a profit and if there is no longer an intermediary there who is making money off of you. then you have a danger that you're not going to get that charge back there's nobody to charge it to send it back to you. so wallets with some risks but doesn't money always. how does mobile payment compare to other common methods we took a closer look. how secure is using it compared to using a credit card online the only way to answer that question is it depends it depends on the wallets and on the online payment system there are you while it's a systems that are more secure than some of the online payment systems that are in use today and vice versa. i would

prefer the wallets to using the credit card in the store because you've removed the human element you don't have the cashier taking your credit card potentially copying it or memorizing it or whatever. and if you will it is definitely more secure in the sense that. you don't have to worry about carry physically keeping the cash with you all the time and having enough to pay every time i give my kids cash they seem to lose some of it for example if they never lose their falls. so when it comes to security let's make a good impression but what about user data and the electronic transaction leaves a digital footprint when it comes to that information is not only available to my bank but also to service providers like google pay pal our digital wallet is just another step towards transparent customers i mean cash has

a certain anonymity to it that people like. you don't quite have in the same way with with digital currency. digital transactions create footprints which many providers also use data about payments absolutely is being used about you absolutely some huge industry people make lots of money by analyzing payment flows from many users however the advantages outweigh the risks. all these private corporations know exactly what you're spending behavior is like what you are like as a shop where your your behavior patterns essentially and that might be uncomfortable for some people but i personally it's not a big issue i would rather my transactions be tracked. back safe rather than not tracked but not say. in the end

we need to choose what's most important to us. fun fact in germany we're huge fans of hot cash hardly anyone uses wallets here other european countries are less cash crazy is going to navia more people prefer a mobile payment and in many asian countries it has long become a part of daily lives china expects harf a 1000000000 customers to use wallets in 2090. and it's no wonder it's simpler less expensive and quicker than your plastic bag if i wanted to transfer money from my regular bank on a friday afternoon for example i have to wait until monday morning for it to be processed when i use my wallet the recipient instantly receives the money along with the message that it has arrived and the best part is i don't always need a bank account for about. the world bank estimates that globally about 1700000000

people don't have access to a bank account for them he wanted could enable access to the financial system. one example is the digital payment system. it started in 2007 in kenya and is available and other african countries in india and in parts of eastern europe. the account is linked to a mobile phone number users can pay bills or transfer money by text message a large network of employees agents allows for the digital wallets to be topped up one of the interesting things about electronic quality is that in places where the banking system is less developed the least developed you find the highest levels of comfort with using digital well that's simply because people will grasp on to any alternative that works banking the unbind has come to facebook's attention to the plan to while it's caliber is supposed to be integrated into facebook messenger what's up users couldn't do worldwide payments in facebook's own currency libra the

project has raised international criticism but facebook's entrance onto the strongly regulated financial market should give mobile payments another boost i think most likely in the next 5 years we will see big movements towards global while it's capabilities because of players like we chat and facebook and others these massive platform reach pushing the sector forward and as they. sort of help break down the barriers with governments to get on board and allow this cross jurisdictional use country to country use of these kinds of currencies it will become easier and easier. facebook's idea isn't necessarily a new evil it's using crypto currency is like bitcoin have been around for years they encrypt transactions with block same technology which makes them particularly

safe crypto currencies only exists digitally and are not regulated by any bank the most well known ones are bitcoin and. the term comes from the greek word crypto meaning secret or hidden points toward the cryptographic encryption used for all components of the currency system. this technology is much safer than usual encryptions all information from balance a transaction is secured in a block chain meaning in a cryptographically encrypted protocol this way user data is stored safely. depending on the type of currency some of them are fully anonymous and nobody can see your payment history and that is a much more secure way of maintaining anonymity and payments. could potentially be as secure or more secure than cash. but this anonymity only comes

with specific cryptocurrency the advantages of digital wallets are easy to use they allow for quick transactions with a high level of security at least when you follow basic data protection guidelines one big disadvantage is the sensitive data you leave behind when you pay how much money i spend on water and when is very interesting to businesses and they're willing to pay huge amounts to know what's it like for you wish you well as to you use and why. that was now become a part of the shift community on you tube and subscribe to our channel been look at everything from artificial intelligence and robotics to gaming and gadgets so you're there by by.

after. helping people help themselves to fight for a just society. to lift themselves out of poverty these are the goals of conquering international for more than 50 years the catholic social organization has supported self-help for most of the last. coping international. w. every year at christmas time european somebody with

meals subline looking at each country's time tradition is this season 0 max mission . in our series christmas fare in this time germany which traditional roast goose and gingerbread. your moment of zen and 60 minutes earlier. it was the speech of his life perhaps his best certainly his most difficult. the speech by calling dresden on december 19th 1989. shortly after the fall of the world the chancellor addresses the people of east

germany. the newest tent the crowd clamors for the german unity journalist peter lim borg was at the scene. 30 years later he looks back on the time of interest and starts december 19th d.w. . larry that. a village in kenya has turned out to greet a group of visitors from germany. last. that. last.