QR Code Payment
Quick Answer
A QR code payment is initiated by scanning a code encoding wallet address, amount, and network — the most common method for in-person crypto payments at point of sale.
Full Definition
A QR code payment is a transaction initiated by scanning a Quick Response code that encodes payment information — typically a wallet address, amount, and network. QR codes are the most common method for in-person crypto payments at point-of-sale terminals. The customer scans the merchant's QR code with their wallet app, confirms the transaction, and the payment is broadcast to the blockchain. QR code payments are faster than manually entering addresses and reduce the risk of sending funds to the wrong address.