❓FAQ - A frequently asked questions

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Crypto

What is EMG Pay?

EMG Pay is a self-custody crypto wallet that provides you with full control over your cryptocurrencies. This means that the private keys, which represent ownership of the digital assets, are stored directly on your mobile device instead of being held by a centralized exchange.

What is crypto wallet? What is public and private key?

A wallet is a piece of software that serves as a client for managing your accounts. It's important to note that your assets are not stored within the wallet itself, but rather within your individual accounts.

A crypto account is a public-private key pair used for managing and securing digital assets, such as cryptocurrencies.

This address serves as a public key and can be shared with others to receive cryptocurrency payments or transfers.

The account's private key, on the other hand, is used for authorizing transactions and accessing the associated funds.

What is polygon network? What is Matic?

There are several blockchain networks in the world (Ethereum, Polygon, Stellar...)

Polygon is a “layer two” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees.

MATIC is the network’s native cryptocurrency, which is used for fees, staking, and more.

EMG pay is currently designed to perform and display transactions on the Polygon network.

In case you are sending crypto to a friend in EMG Superapp, you don't have to worry about anything.

If you are sending money to someone outside of EMG Superapp, be sure they want to receive crypto on polygon blockchain.