The web is full of information, and relatively new cryptocurrencies have many terms that can overwhelm us if we do not take the time to read and analyze, choosing terminologies that, in one way or another, can be repetitive. Click on the image below to initiate Bitcoin trading.
Bitcoin terminologies
A new and significant term is the QR code, a quick response code, which is nothing more than a storage system through a dot matrix or a two-dimensional barcode; this code is prevalent in Japan.
To access the QR code, it is necessary to have a Smartphone that has a camera and a specific QR code reader software; they are also easy to create; not knowing how to handle the QR code can make you fall into malicious sites that may even contain viruses and even their data and confidential information can be hacked.
Applications to create QR
A variety of apps allow the free generation of your Bitcoin QR code, which stores your Bitcoin address containing around 34 characters.
Some QR code generator apps are QR Code Tiger, Visualead, Wix QR Generator, Kaywa QR Code, Flowcode, QR Code Chimp, Qrd by, Shopify, QR Creator, goQR: me, QR Stuff, QR Code Monkey, and Editor.
QR codes are becoming a necessity for companies of all kinds, and many services and products can be paid for through these QR codes.
It promotes the use of Bitcoin as a digital currency, completely displacing the intervention of traditional banks in the purchase and sale of goods and services worldwide.
Currently, we can acquire endless goods and even make payments for services that, a few years ago, we thought would be impossible to perform.
If we go back, we can find that the first transaction made with bitcoins was the purchase of two pizzas at PAPA JHON’S, paying the price of BTC 10,000, and that in current money, they had a cost of more or less USD 30. This operation gave way to a wave of establishments that began to join to receive Bitcoin as payment.
What goods and services can we buy with bitcoins?
To answer this question, we can make a short list of all goods and services linked to purchasing and selling transactions with cryptocurrencies.
You can get countless companies that receive bitcoins to pay for trips, entertainment, vacation trip, or cultural visits to a specific place.
If you are a fan of video games, you can also use bitcoins to pay for them; on the other hand, digital stores are a fundamental part of this market; large online stores do not want to be left out of the digital transformation and the general public that can access through the use of bitcoins neither.
You can also purchase gift cards, technology, and computer supplies or make donations to non-profit organizations.
Among the advantages that small business owners such as restaurants, travel agencies, and service providers highlight regarding the use of the Bitcoin Qr code for the payment of goods and services is the simplicity of the operations and the acquisition of new customers.
Recently, given the vertiginous increase in transactions carried out with bitcoins, new means of payment have emerged in addition to the QR code, such as digital cards, virtual wallets, and even electronic commerce, associating with solutions that are linked to cryptocurrencies.
Conclusion
With each passing day in our world, technology takes leaps and bounds to offer a diversity of financial tools that make our lives easier, more comfortable, dynamic, and of course, faster, adapting to the requirements of our society.
The COVID-19 pandemic significantly boosted all the digital commerce strategies that arose in response to the confinement and protection of people who needed to purchase goods and services from the comfort of their homes to avoid catching such a terrible disease.
We must take advantage of every advance that technology offers us.
