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what is memo

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Oftentimes, when we decide to withdraw or deposit crypto in our account, we are asked for a field termed as MEMO. If you are new to this, you might not be sure what exactly is MEMO and what’s the use of this field while transferring cryptocurrency from one wallet to another. Image Credits: WazirX Web App Today, I will explain in short what is termed as MEMO and why mentioning it while transferring funds is…