What functions does scanning code payment withdrawal currency have? (Does WeChat scanning code payment withdrawal require a fee?)

The main function of scanning code payment withdrawal currency is what? What is the difference between scanning code payment and lightning network? The lightning network is a decentralized digital wallet built on the Ethereum network, supporting various mainstream digital currencies.

The Bitcoin transfer conducted on the blockchain is completed through the lightning network. The transfer method used is to pay the transaction fee with Bitcoin (i.e., users can send Bitcoin to exchanges). This mode does not require third-party participation. The lightning network can greatly improve the efficiency of Bitcoin transfers, as it reduces users’ transfer costs, confirmation time, and number of transactions, thereby achieving faster settlement speed and higher prices. So from a technical perspective, this process is still necessary. The lightning network is a trustless distributed data storage platform, whose working principle is similar to the “database” in the Internet, composed of nodes and running. When a large amount of funds or information appears in the system, these information can be verified to ensure fund security. The lightning network is also a peer-to-peer electronic cash system (called DVP), which allows users to deposit funds to an address and receive corresponding payment amounts. (ChainNews)

Does WeChat scanning code payment withdrawal require a fee?

Editor’s note: This article is from Odaily Planet Daily and is reproduced with permission.

The recent hot topic is WeChat scanning code payment withdrawal. It is as convenient and fast as Alipay and WeChat payment. Does WeChat payment also do the same? Have you ever encountered this? Since the beginning of withdrawal on WeChat, I have been using WeChat payment. However, it is quite normal to pay a fee when using a mobile phone.

I have mentioned before that scanning code can accomplish many things, such as transferring the balance in the wallet to our WeChat for confirmation, converting it into digital currency through third-party platforms, etc. But at present, these operations all have certain risks. 1. Will scanning code become a “consumption behavior”? If a payment method appears in the WeChat APP, why does this transaction mode appear? First, because users do not need to wait for a long time or wait for the source of funds to be confirmed when brushing orders, so they need to pay fees. 2. When scanning the QR code and entering the amount, you must select the merchant (WeChat) account with the longest signature to process, otherwise the recipient will receive a refund or cancellation of account recharge. 3. In order to ensure user privacy and prevent money laundering, merchants will provide necessary verification codes before receiving parcels to prevent asset theft. 4. According to the characteristics of blockchain technology, scanning code payment will not have any risks. 5. If there is no support from other service providers, it may take several minutes or even longer to scan a payment, but if you want to achieve this goal, you need to bear the corresponding cost. In addition, after scanning the code, you can also directly jump to the original route to query the recipient’s wallet address and click to view the payment amount. 6. If there is an abnormal situation, you can also contact customer service in a timely manner to resolve the problem. 7. “Taxi” function does not support scanning code payment, only allows small payments and lightning exchange; and when it involves other types of scenarios, there will usually be some complicated issues, such as the promotion of malicious applications such as fraud and fishing by criminals through various social software. 8. How to make WeChat payment accept Bitcoin, Litecoin, Monero, Tether, or other cryptocurrencies is a relatively common practice; of course, there are exceptions, sometimes it needs to be reviewed by the bank, if it is a large payment, it will be manually reviewed. However, for those who want to try using WeChat payment, they often choose “non-self-certification”, usually only need an ID card, bank card number, and official seal to handle it, without binding bank account and password and other real-name certification proofs. Regarding this issue, I am Mo Xinnan, a writer for Deep Chain Finance.