Use Cases of Blockchain Wallet QR Code
- Quick payments: A user can create a QR code that can be linked to the respective blockchain wallet ID. It can then be presented to a particular person in physical form to enable the person to swiftly scan it and facilitate a crypto payment to the wallet. This makes it possible to complete other P2P crypto transactions in a quick and convenient face to face manner.
- Receiving payments: For example, an online merchant can provide their customers with blockchain wallet QR code at their website or invoice, in such way customers can easily scan the code and make crypto payments without typing a long crypto address.
- Withdrawing crypto: Cryptocurrency exchanges and Bitcoin ATMs can create QR code tied to a certain blockchain wallet number. Such codes allow one to easily withdraw cryptocurrency to the user’s personal wallet by simply scanning a code.
- Sharing wallet address: It is much easier for a user to type or say a long blockchain address so that others can send payment to them rather than having to type out the wallet address; in this case one just needs to generate a wallet QR code and share it so that others can simply scan it to get the wallet address.
- Login/authentication: Blockchain wallet applications can have the option that enables users to enter their credentials via QR code, which makes it easier for a user to log in to the application without the need for typing in their credentials over and over. The next step is the use of a QR code that checks the validity of the user.
- Enhanced security: To further enhance security, a blockchain wallet app can prompt for the scanning of the QR code alongside requesting for the password code. They in themselves do not allow the access of QR code.
Blockchain Wallet QR Code
Blockchain Wallet is a digital wallet that enables one to spend, receive, and store different digital currencies such as Bitcoin, and Ethereum, among others. Another interesting fact that should be noted about the Blockchain wallet is that it can be opened with the help of a QR code.
By using a technology called a blockchain wallet QR code, users can transmit money from one blockchain wallet to another or even deal with other services. A quick response code, or QR code, represents a small picture of a wallet that corresponds to a Blockchain account. One can identify the wallet by just scanning the code, as it contains the wallet identifier along with further information. This article focuses on discussing the Blockchain Wallet QR Code.
Table of Content
- What is a Blockchain wallet QR code?
- How Does it Work?
- Benefits of Blockchain Wallet QR Codes
- Use Cases of Blockchain Wallet QR Code
- Conclusion
- FAQs