The ability to offer tips via cryptocurrency further embeds digital currency into mainstream payment solutions. A number of websites, such as Reddit and Twitch, allow users to show their support to content providers by sending them small amounts of crypto in appreciation for their content. There is also a way to give printable cryptocurrency tips through cryptotip.com and Bitcoin Cash (BCH) is now the preferred method, having replaced both Bitcoin (BTC) and Dash.
Cryptotip.org’s design is brilliant in its simplicity. The platform allows a user to purchase a tip, or tips, using dollars, pounds, yen, euros or even rubles. The user selects the amount of BCH to purchase and then prints out a business card-sized voucher to give to someone in acknowledgment of excellent service – to a waiter, a bartender, even an Uber chauffer. When recipients are given a voucher, they only need to visit the website listed on it where they are given a short introduction to cryptocurrency and instructions on how to install a wallet to collect the tips.
The website includes the ability for the purchaser to include an expiration date for redemption of the BCH. If it isn’t redeemed by the limit set, the purchase is refunded to the buyer. The default timeframe is set at one month and this can be adjusted up to a year. The best part is that the service is completely free to use.
The concept of printable tips was alive when Bitcoin (BTC) was gaining prominence; however, the high fees associated with BTC transactions have forced companies to look elsewhere for their crypto solutions. Cryptotip.org initially offered a beta version for the platform using DASH before deciding to switch to BCH this month. BCH and DASH are now offered, and BCH is the default currency for the application.
Cryptocurrency tips are a great way to reward anyone for virtually anything. They mark another step forward for crypto to be used as a true currency and no longer is it viable to resort to the excuse, “Sorry, I don’t have any cash.” Keeping a few cards in a wallet or purse at all times will not only help to foster better relationships, but they’re an excellent way to spread the use of cryptocurrency and get more of the mainstream involved.
Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.