It’s quite common to split bills. Every now and then, we split house bills with flatmates, restaurant bills when out with friends or on romantic dates, etc.
If you are a crypto lover with some Bitcoin to your name, then you can quit the old-fashioned methods of splitting bills and use cryptocurrency to manage household bills and collect money from your friends/family.
In this article, we'll explore how to create a crypto split bill request and avoid the awkward discussions of who owes what or having to deal with the messiness of finding cash balances. With cryptocurrency, the process is entirely digital, fast, and secure, and everyone gets details of what they owe and what they have to pay without hassle.
Now you know!
We’ll dive into the “how” shortly, but first, let’s explore a few advantages of cryptocurrency and why they should be at the top of your list among other digital options!
Why Split Bills With Cryptocurrency?
Although you may consider it merely fancy, there are many upsides to splitting bills with cryptocurrency. First and most obvious, crypto payments are digital; hence, you needn’t worry about carrying cash or getting a check that could bounce. Of course, you could say that many other digital apps, such as Cash App and Venmo, make it easy to split your bills. However, they are less efficient than cryptocurrency.
Crypto works everywhere, whether you are in the U.S., Africa, Australia, or even Antarctica. Hence, you needn’t worry about traveling abroad and having to split bills for household expenses or outings. Unlike the regular apps you’re used to, cryptocurrency is borderless, and you can use it anywhere and everywhere. Also, crypto transactions are typically less expensive than traditional payments, including digital ones; hence, you and your family/friends can save more money when sorting out bills and keep more of your hard-earned money.
Again, crypto is dynamic and will be a big deal in the future. We have started seeing instances of people going on virtual dates and outings with VR gear and equipment, enabling people on different continents to be in the same place at the same time; of course, crypto easily fuels this experience, as it is borderless, and it can easily be used to split bills, even on virtual events, dates, and outings.
There are many more reasons to consider crypto as your choice for splitting bills; however, rather than spend all day talking about the “why,” let’s move on to the “how.”
How To Split Bills With Cryptocurrency
Creating a split bill with cryptocurrency is quite easy. Typically, assuming you are the receiving party where everyone contributes their share, you may want to copy your wallet address and ask each person to send their bill there.
Yes, that works; however, it could be easier.
The easiest way to create split bills with cryptocurrency is via the Cwallet request tool, where you can request payment with details you can edit to fit in all the necessary information you need to share with the recipient.
To do this, all you need to do is create an account on Cwallet, sign in to the mobile or web app, locate the tools, and select “request.” From here, you’d be able to enter the purpose of the request, the dollar equivalent of the equivalent, and the recipient can pay with Bitcoin, Ethereum, and about 15 other popular cryptocurrencies.
Once you've filled in all the required information and the request is created, you can share the QR code and payment link via email or text to the recipient and monitor their payment status via the mobile or web app.
I’m sure you wouldn’t hesitate if asked to pay a few bucks monthly for a cool service like this. However, on the contrary, the service is totally free to use, both for the recipient and the payer, without any restrictions. More importantly, the app is simple, convenient to use, and intuitive; even if you are dealing with crypto for the first time, you’d get it quite easily.
It’s fun to be ahead and be an early adopter of technology. So, take advantage of Cwallet’s request tool and split crypto bills among family and friends. It’s easy to use, straightforward, and makes you super cool.
So why not? Sign up on Cwallet NOW!