RATE Group | Burner wallet trials show crypto can’t buy you lunch yet
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Burner wallet trials show crypto can’t buy you lunch yet

17 Feb Burner wallet trials show crypto can’t buy you lunch yet

Posted at 00:30h in Cryptocurrency News by

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The burner wallet trials are back at ETHDenver 2020. A radical experiment at the recently concluded ETHDenver showed how cryptocurrency’s mainstream potential still isn’t fully realized. This year’s ETHDenver was focused on how to generate revenues from decentralized finance applications. But exploring the use of cryptocurrency in everyday errands was another hot topic on the table.

This year too, the attendees were given the quintessential conference token called ‘BuffaloDai’ for buying meals at designated food trucks. ‘BuffaloDai’ were loaded on to ‘Burner Wallets’, which the participants can use at their favorite eating joint. QR codes are used to both load money into the wallet and also for making purchases. The burner wallet trials yielded mixed results.

ETHDenver 2020 burner wallet trials yield mixed results

The idea of using ‘burner wallets’ for payment at food trucks was conceived to showcase the everyday potential of cryptocurrencies….

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