In the context of cryptocurrency, a QR code, short for Quick Response code, is a two-dimensional barcode that can be used to store information related to a specific cryptocurrency transaction. It typically includes details like the destination address, amount, and payment description (optional).
QR codes make it easy to transfer cryptocurrency between users, where a user with a cryptocurrency wallet app can simply scan the code using their device’s camera. The wallet app recognises the information encoded in the QR code and prompts the user to confirm and complete the transaction.
Keep in mind to always double-check the details before confirming any cryptocurrency transaction to ensure accuracy and security.
