What is the purpose of hasWallet in the steam-user library?

[ggforces]

The hasWallet property in the wallet data returns either true or false, but what is this value based on? Is hasWallet always false for limited accounts and always true for non-limited accounts?

[Dr. McKay]

It's based on whether Steam reports if you have a wallet or not. I believe it becomes true the first time you fund your wallet (and thus set a currency for it).