Smart Wallet Payments

Definition ∞ Smart Wallet Payments refer to transactions initiated and managed through digital wallets that are enhanced with smart contract capabilities. These wallets allow for programmable payment logic, such as multi-signature approvals, time-locked transfers, or automated recurring payments. They offer greater flexibility and security features compared to basic cryptocurrency wallets.
Context ∞ Smart Wallet Payments represent a significant advancement in user control and automation within the digital asset space. They address limitations of traditional externally owned accounts by enabling more sophisticated transaction rules and recovery mechanisms. The ongoing development of account abstraction is poised to make smart wallets more user-friendly and widely accessible, simplifying complex on-chain interactions for a broader audience.