In the latest episode of the all-things-crypto podcast Block Stars, Ripple CTO David Schwarz talks to BRD CEO Adam Traidman. BRD was the very first crypto wallet released on Apple’s App Store back in 2014, so Adam is used to explaining digital wallets to the uninitiated.

He compares them to their physical equivalent, which was how we used to hold and control all our money. Like the wallet in your pocket, a consumer can receive money into a digital wallet and use it to send money to others and pay for services. But it also comes with additional control and security.