CryptoURANUS Economics: QR Code: Defined in CryptoCurrency

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Thursday, August 9, 2018

QR Code: Defined in CryptoCurrency

QR Code: Defined in CryptoCurrency

 

A QR code is defined as the name for a type of barcode in the shape of a square. These barcodes can be scanned by smartphones and will display information. 


QR stands for “Quick Response” and the phrase “QR code” is actually registered with the US government as a trademark by DENSO WAVE INCORPORATED.


These barcodes are a scannable box that provide fast access to things like a website, contact data, etc. For cryptocurrencies, QR codes are a quick way to enter a public address so cryptocurrency can be sent.

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