Bitcoin Forum
May 23, 2024, 07:33:15 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Are there bitcoin QR code pos machine?  (Read 179 times)
wsxdrfv (OP)
Jr. Member
*
Offline Offline

Activity: 405
Merit: 5


View Profile WWW
April 17, 2018, 07:10:09 AM
 #1

Are there any real world usage example of POS machine that capture crypto-currency's address QR code.

If there is, what is usage scenario of POS?

How to make (or develop) it?
Xynerise
Sr. Member
****
Offline Offline

Activity: 322
Merit: 363

39twH4PSYgDSzU7sLnRoDfthR6gWYrrPoD


View Profile
April 17, 2018, 08:20:25 AM
 #2

POS machines connect to a centralised backend (usually bank clearing)
Cryptocurrencies are the exact opposite of that.

The only thing similar is payment processors like Coinbase or Bitpay, which is already what most merchants use.

You'll scan a QR code, and send bitcoins to that address for your purchase, and in the backend, either the bitcoins go directly to the merchant's address, or through the payment processor and they get settled in fiat.
wsxdrfv (OP)
Jr. Member
*
Offline Offline

Activity: 405
Merit: 5


View Profile WWW
April 17, 2018, 08:54:32 AM
 #3

POS machines connect to a centralised backend (usually bank clearing)
Cryptocurrencies are the exact opposite of that.

The only thing similar is payment processors like Coinbase or Bitpay, which is already what most merchants use.

You'll scan a QR code, and send bitcoins to that address for your purchase, and in the backend, either the bitcoins go directly to the merchant's address, or through the payment processor and they get settled in fiat.
So when normal store decide to receive bitcoin, he need POS machine? Maybe not? He just shows his printed static QR code image of his bitcoin address to customer?

Then customer uses his smart phone and photo it, then customer also need some kind of mobile wallet?
Commie
Full Member
***
Offline Offline

Activity: 621
Merit: 108



View Profile
April 17, 2018, 09:10:25 AM
 #4

So when normal store decide to receive bitcoin, he need POS machine? Maybe not? He just shows his printed static QR code image of his bitcoin address to customer?

Then customer uses his smart phone and photo it, then customer also need some kind of mobile wallet?

Exactly. QR code with the wallet address (or with address and payment amount, if it's fixed one) is displayed in the store, customer scans it with his mobile wallet and pays.

Xynerise
Sr. Member
****
Offline Offline

Activity: 322
Merit: 363

39twH4PSYgDSzU7sLnRoDfthR6gWYrrPoD


View Profile
April 17, 2018, 09:37:33 AM
 #5


So when normal store decide to receive bitcoin, he need POS machine? Maybe not? He just shows his printed static QR code image of his bitcoin address to customer?
My point exactly; you don't need a POS machine because you're dealing with cryptocurrencies.

Quote
Then customer uses his smart phone and photo it, then customer also need some kind of mobile wallet?
Exactly, yes.
All the customer need is a crypto wallet.
All mobile wallets support QR codes so you just need to scan the QR code.
wsxdrfv (OP)
Jr. Member
*
Offline Offline

Activity: 405
Merit: 5


View Profile WWW
April 18, 2018, 03:02:21 AM
 #6


So when normal store decide to receive bitcoin, he need POS machine? Maybe not? He just shows his printed static QR code image of his bitcoin address to customer?
My point exactly; you don't need a POS machine because you're dealing with cryptocurrencies.

Quote
Then customer uses his smart phone and photo it, then customer also need some kind of mobile wallet?
Exactly, yes.
All the customer need is a crypto wallet.
All mobile wallets support QR codes so you just need to scan the QR code.
But are there no ways of store can also provide/include specific BTC amount as well with store's address QR code?

Or store should make customer know how much BTC they need to pay?


Heisenberg_Hunter
Legendary
*
Offline Offline

Activity: 1583
Merit: 1278


Heisenberg Design Services


View Profile WWW
April 18, 2018, 03:31:05 AM
 #7


But are there no ways of store can also provide/include specific BTC amount as well with store's address QR code?

Or store should make customer know how much BTC they need to pay?

Yes, the stores can store the amount of btc for a specific piece of item and this can be done by coinbox I think so, but sadly it has been abandoned. You can even try bitpay or similar other software. Not so sure about it, but it can be done and people can pay for the item by scanning the code.
Xynerise
Sr. Member
****
Offline Offline

Activity: 322
Merit: 363

39twH4PSYgDSzU7sLnRoDfthR6gWYrrPoD


View Profile
April 18, 2018, 03:45:56 AM
 #8

But are there no ways of store can also provide/include specific BTC amount as well with store's address QR code?

Or store should make customer know how much BTC they need to pay?


You can include the amount you want the customer to pay and the purpose for payment also (payment label).
It's all defined in the URI scheme in BIP 21
nc50lc
Legendary
*
Offline Offline

Activity: 2422
Merit: 5624


Self-proclaimed Genius


View Profile
April 18, 2018, 03:47:25 AM
 #9

So when normal store decide to receive bitcoin, he need POS machine? Maybe not? He just shows his printed static QR code image of his bitcoin address to customer?
My point exactly; you don't need a POS machine because you're dealing with cryptocurrencies.
But when we're dealing with the mainstream and micropayments brought by 3rd-party (centralized) wallets, a POS Machine is a must for ease-of-access.

But are there no ways of store can also provide/include specific BTC amount as well with store's address QR code?

Or store should make customer know how much BTC they need to pay?
There's a way but the counter won't wait for at least one confirmation which is at least 10 minutes in situations like grocery payments or coffee shop orders.
So, it's not convenient to use Bitcoins directly for POS machine transactions.

You need to process the transactions off-chain like exchanges do.
with this, the users must trust your wallet/service like BitPay/coins does.

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
Commie
Full Member
***
Offline Offline

Activity: 621
Merit: 108



View Profile
April 18, 2018, 10:16:03 AM
 #10

So when normal store decide to receive bitcoin, he need POS machine? Maybe not? He just shows his printed static QR code image of his bitcoin address to customer?
My point exactly; you don't need a POS machine because you're dealing with cryptocurrencies.
But when we're dealing with the mainstream and micropayments brought by 3rd-party (centralized) wallets, a POS Machine is a must for ease-of-access.

But are there no ways of store can also provide/include specific BTC amount as well with store's address QR code?

Or store should make customer know how much BTC they need to pay?
There's a way but the counter won't wait for at least one confirmation which is at least 10 minutes in situations like grocery payments or coffee shop orders.
So, it's not convenient to use Bitcoins directly for POS machine transactions.

You need to process the transactions off-chain like exchanges do.
with this, the users must trust your wallet/service like BitPay/coins does.

Usually an unconfirmed transaction will show in a matter of minute or two. Or you can use other coins with 1 minute block time Smiley

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!