You could be living under a rock and still have a wallet. It contains cards, cash, licenses, and even mementos. Although we're living in the 'Era of Technology,' people still look towards buying leather wallets and booklets to keep essential items. 

However, the question is, ' Is it safe?' In an ideal world where you wouldn't have to worry about having your wallet stolen or had a photographic memory to pinpoint the exact location of your wallet, if you were to misplace it, a simple wallet would've done the job. 

The world, in actuality, is far from ideal. Therefore, brands have played around with the idea of straightforward, everyday use wallets and the 21st century to come out with a smart wallet 

We’ll be looking into what makes a smart wallet smart and why it’s the perfect gift to give a loved one. 

The ‘Smart’ in Smart Wallet

Right off of the top of your head, the device that comes to mind when you hear the word ‘smart’ would be your smartphone. In the 21st century, nothing is as important to us as smartphones are. We live our entire lives via the smartphone. Analysts are quick to point out that it wouldn't be long until we digitize our finances as well (it's already started in some cases).

You have your conventional wallet, and then you have a smart wallet. Understandably, a smart wallet is priced relatively higher than a regular one - is it worth the purchase? The simple answer is, yes, it is. 

Think of a smart wallet as less of a steeper purchase and more of an investment. Instead of having to check your pocket for your wallet continually, you could access the wallet via your smartphone if it moves out of your reach. 

While designs vary, a typical smart wallet is made to look exactly like a conventional wallet with features such as:

• Alerts if the wallet and phone are at a specific distance. 
• Customizable tones. 
• Radiofrequency identification (RFID).
• Sleek design
• Some smart wallets also incorporate wallet trackers via Bluetooth or GPS.

The Perfect Gift

Having understood what makes a smart wallet smart and why you need one, the next step is deciding on the perfect one to give to a loved one. There are several reasons why it would make a perfect gift:

• It’s easy to carry. 
• It’s efficient.
• It comes in several designs and is customizable.
• A smart wallet can be personalized.
• Instead of going through several wallets, a smart wallet can be used and kept for longer.
• RFID makes it an innovation that’s simplistic and futuristic. 
• With all of its features, a smart wallet still works just like (if not better) inconvenience to a conventional wallet.

Choosing the Right Smart Wallet

There are currently 17 different variants of smart wallets through four leading smart wallet manufacturers. It might seem challenging to choose one over the other, but there are a few key features you would need to look for:

• The radiofrequency of the wallet.
• The volume of the alarm. 
• Compatibility with your phone. 
• Ease of use. 
• Design.

The alarm's volume might vary from very low to very loud - the louder, the better. Many smart wallets come with customization features that allow users to choose the ringtone they feel would be best suited. Others take personalization up a notch by allowing you to engrave your initials onto them.

All in all, smart wallets are an excellent investment for anyone looking to get their loved ones something that's both good to look at and use. 

So what are you going to get for him?