Digital Wallets Boost Food Aggregators' Profits by 20%

In the rapidly evolving digital landscape, the integration of digital wallets into every device is becoming increasingly crucial, especially in a post-AI world. Digital wallets, or payment apps, are digital tools that manage transactions, accessible anytime and anywhere on smartphones. This technology is transforming the way we handle payments, making it more convenient and secure. With the rise of cashless payments, digital wallets are becoming indispensable for food aggregators, which are apps that bring together various restaurants in one platform. These aggregators allow users to explore menus from different cuisines, order food, and arrange delivery, all from the comfort of their homes. Digital wallets enhance this experience by enabling seamless transactions, storing credit cards, loyalty programs, and other payment information on smartphones or tablets. This eliminates the need for physical cards and cash, making payments faster and more secure.

Digital wallet solution providers, such as Toucan Payments, ensure that these transactions are hassle-free. They offer pre-built software modules that can be easily integrated into existing systems, providing a smooth experience for both customers and restaurant aggregators. The benefits of digital wallets for food aggregators are numerous. They speed up the payment process, enhance security, and integrate with loyalty programs, offering discounts and exclusive deals. This creates a seamless user experience that keeps customers coming back and recommending the platform to others. Digital wallets also open the door to a wider range of payment methods, such as Apple Pay or Google Pay, expanding the customer base and increasing order volumes.

In addition to food aggregators, digital wallets are also beneficial for super apps, which are platforms that offer a variety of services, from shopping to food delivery. These apps allow users to shop, read reviews, and pay securely with just a few clicks. Digital wallets boost profits for food aggregators by enabling faster checkouts, reducing abandoned carts, and increasing average order sizes. They also enhance customer satisfaction, leading to more loyal diners and higher profits. When choosing a digital wallet for a food aggregator business, it is important to consider factors such as customer coverage, transaction fees, security features, and integration ease. Digital wallets offer a hassle-free payment experience, enhanced security, and reduced operational costs, making them an attractive option for businesses looking to stay ahead in the ever-evolving digital landscape.

Decentralized storage methods could be ultimately used as a way to combat fraud by verifying authentic information including provenance data — especially in the increasingly AI-dominated world we’re hurtling toward. “If we want to have automated transactions, whether they’re AI-powered or not, you need to have files and data sets that are verifiable and authentic. And so that is where we spend all of our time, is ensuring that data and files are exactly what they’re supposed to be. And if they changed, we know that they’ve changed,” said Pinata CEO Kyle Tut. Pinata has worked with a number of NFT collections and marketplaces like OpenSea and Sorare to decentralize their assets. Typically, it’s images, videos, and JSON files that get stored. More recently, it’s worked with memecoin platform pump.fun to store memecoin art files, too. “IPFS [InterPlanetary File System] is, like, a very difficult protocol to get to work. And so what we spend all of our time on is ensuring that it’s fast and stable. We have seven-plus years of ensuring that when you’re trying to get files, you’re getting them fast and you’re getting them reliably,” Tut explained. But his ultimate goal is to get everyone to run an IPFS node plus a crypto wallet on every device they own. “That’s the only way that you can generate true provenance of that file from creation to consumption,” Tut said. “Where we’re going post-AI, where AI can DDoS everything, we need to verify what this file is, where it came from, who created it, when was it created? Like all those types of little things need to happen, and the only way you can do that is through IPFS and wallet signatures on-device. You have to sign this data as soon as it’s generated.”

“Our whole underlying assumption and the future that we’re building to is [that] all files need to be identified through IPFS, and then they need to be signed by a blockchain. We don’t care what blockchain. And that’s kind of the beauty of IPFS. At the end of the day, it can work with every blockchain,” he said. Spinning up nodes and wallets left and right is certainly a lot to ask people to juggle — and isn’t realistic for everyone right now. But maybe this uncertain AI-driven future ahead will convince more of us that it’s worth the hassle.