# What is Stone Wallet?

Stone Wallet is a next-generation crypto wallet built by StakeStone. Designed to feel like a global, digital bank account, but powered entirely by blockchain.&#x20;

Current solutions for crypto payments face many challenges, including but not limited to:&#x20;

1. Bad user experience: transaction failure, lagging, etc.
2. High gas fees: not suitable for small value transactions

Stone Wallet addresses the market's need for a global, smart money account that not only accumulates yields but also facilitates real-time small value payments with low gas fees and instant settlement. At its core, Stone Wallet lets you store, send, pay, receive, and grow your money in one place, without the friction of traditional banking or the complexity of DeFi.&#x20;