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Wallets that behave like normal apps. Spending limits, someone else covering the network fee, recovery without a phrase. The crypto machinery is still there, it is just no longer your problem.
A neobank app. There is a routing number and a SWIFT message under there somewhere, and you have never had to see one.
In Kite: Why you never buy a separate token to pay a network fee with us. Gas is on us.
The United States' batch transfer system, carrying salaries, bills and most payments that are not on a card. Cheap, slow by design, and reversible in a way card and blockchain payments are not.
The merchant's side of a card payment. The acquirer signs the shop up, takes the payment in, and pays the shop out, keeping a cut on the way through.
Same word, same role. Your side has an issuer, the shop's side has an acquirer, and the network sits in the middle.
An attacker sends you a dust transaction from an address that looks like one you use, hoping you copy it out of your history next time. Always check the whole address, not the first and last four characters.
A fraudulent invoice with the account number changed by two digits. Same trick, older than computers.
China's largest payment app and the QR code most Chinese merchants display. Foreign visitors can link some overseas cards, though acceptance and limits vary by card type.
A payment app that replaced cash and cards across a country rather than competing with them.
Any cryptocurrency that is not bitcoin. The word stretches from major networks to a token created that morning, which is precisely why it tells you nothing about quality.
Saying 'not the market leader'. It describes a position in a market, not whether the thing is any good.
The rules and monitoring that stop financial systems being used to launder criminal money. It is why transfers get reviewed and why some accounts get questions.
Same acronym, same regulations, same teams. Crypto firms inherited the rulebook whole.
The formula that prices a decentralised exchange's pool. No order book and no human quoting, just a curve that moves as the pool's balance changes.
An exchange booth whose rate is set by a published formula rather than by a trader's judgement.
What a card costs you to keep, as opposed to what it costs you to use. It is the first number worth checking, because it is charged whether you spend anything or not.
The same line on the same statement.
In Kite: Ours is zero. No annual fee, no maintenance fee, and no issuance fee.
Permission you grant a smart contract to spend tokens from your wallet, often with no limit and no expiry. Old approvals from apps you have forgotten are a standing risk worth revoking.
A direct debit mandate with no cap and no end date, signed years ago and never cancelled.
The annualised return including compounding. In crypto it is often quoted on rewards paid in a volatile token, so a large number can shrink as you earn it.
The AER on a savings account, except the interest might be paid in something whose price moves.
Taking cash out of a machine with your card. On crypto cards it is usually the most expensive thing you can do, and it often arrives later than the card itself.
The same act, at the same machines, with the same fees.
In Kite: ATM withdrawals are coming soon. They are not live yet.
The instant yes or no when you tap. The amount is held rather than taken, which is why a hotel or a petrol station can reserve more than you eventually pay.
Exactly the same mechanic, on exactly the same rails. No money has moved yet.
A setting that turns one asset into another by itself, usually a volatile token into a stablecoin, either the moment it arrives or the moment you spend.
A standing instruction to sweep a balance into a different currency as soon as it lands.
All 15 terms shown.
