“bc1q86szsgdrvzrzshauzgqgsz59r6ekm5dxujhn5” is what a typical Bitcoin wallet address looks like. So, if anyone wants to send you Bitcoin or any other cryptocurrency, they need to fill those character strings into the allotted “address” space. There are often no issues between payments made between two persons transacting online, as the sender and recipient can easily copy and paste the wallet address into the allotted space without issues.
However, this method of crypto transfer is not always optimal. For example, imagine owning a store where hundreds of people shop per hour; it would be quite tedious for anyone who wants to make crypto payments to start typing incoherent characters; they could get a letter or alphabet wrong, and the crypto will be transferred to the wrong account.
Also, it isn’t practical for the cashier to initiate an online conversation to enable “copy and paste” functions, as this would be unnecessarily tedious and time-consuming. For this reason and many more, Crypto QR codes were created.
What is a QR Code?
QR stands for “Quick Response.” A Quick Response “QR” code is a machine-readable code that stores a lot of data. When scanned by a digital device, such as a mobile phone, the QR code instantly provides the needed information.
This technology has been long employed in Cryptocurrency. For example, a store owner can easily print out their Bitcoin QR code and place it at cash points where customers can easily scan them and make payments without predisposing themselves to mistakes by having to type 40 alphanumeric characters.
How can a QR Code Be Used for Accepting Cryptocurrency?
Nearly all wallet address providers typically have a QR code function that allows users to receive cryptocurrency without hassles. It is usually on every “receive crypto” page, as seen above.
However, more than just setting up a receiving account, a QR code can be used for a lot more; these include:
1. Setting up specific payments:
With a QR code, you can set up specific payments to ensure fidelity and greater transaction speed. For example, at a toll gate where all vehicles must pay $20 before passing, a QR code can be set up to ensure that exactly 20 USDT is charged from the account before access is allowed.
As a result, human inefficiency is scrapped; drivers do not need to look for cash, and toll operators needn’t worry about possible corruption among workers. The exact amount needed is charged and deducted via the QR, and in the absence of that, access would be automatically denied.
Aside from the toll gate example, QR codes can be used to set up numerous specific payments, helping both the sender and recipient save time and avoid errors.
2. Setting up a digital tip box:
Traditionally, a tip box is a physical container where people can tip service providers for services provided, usually at the cash point. For example, if a customer loves the service rendered to them by a specific cashier, a digital tip box can be used to help the cashier get their returns in cryptocurrency. If the store accepts cryptocurrency as a means of payment, then it is wise to have a crypto tip box where all the cashiers’ tips are directly sent into a single wallet regardless of the cryptocurrency used.
Beyond cashiers, tip boxes can be used by other people like content creators, fundraising websites like GoFundMe, open-source encyclopedias like Wiki pages, etc. All these web pages can accept donations and crypto tips with digital tip boxes.
How To Create a QR Code “Tip Box”
Without knowledge of Barcodes and the underlying technology, you can create a tip box for FREE via CCTIP. All you need to do is download the mobile app or sign up via the desktop version, and then follow these steps to create your tip box.
With the CCTIP Tip box feature, you can boost your physical or online business, attract more crypto users, and maximize your outcome.
Why you should Use The CCTIP Tip Box to create your unique QR Code
- Creating a unique QR code via CCTIP is free.
- CCTIP supports over 500 tokens.
- CCTIP does not charge any fees on deposits and withdrawals.
- You can easily swap your received tokens to other cryptocurrencies of your choice FOR FREE!
Next Step? Create Your QR Code via CCTIP Now!
Setting up a Unique QR Code for specific payments and tips can be easily done via CCTIP; all all you need to do is download the mobile app, or sign up via the desktop version, create your tip code, and voila! you're good to go.
Remember, IT IS ABSOLUTELY FREE!