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Two of the busiest trends in payments are quick-response (QR) codes and cryptocurrency, and now payments players are finding ways to blend the two. Social Life Network Inc. on Friday said its Decentral Life unit has added a QR code application for its platform supporting digital wallets and payments.
The new feature flows data on crypto payments merchants accept directly into their accounting software, including QuickBooks and NetSuite, according to Los Angeles-based Social Life, an incubator for technology-related businesses. The company launched Decentral Life in August to concentrate on cryptocurrency payments and initial coin offerings.
“The QR code system add-on allows for easier accounting of purchases with cryptocurrency,” said Social Life’s chief executive, Ken Tapp, in a statement. “I believe the QR code add-on to be a critical feature for mobile customers paying retailers face-to-face, at trade shows, expos, and conferences.”
Among the first platforms to adopt the service is HuntPost.com, an outdoor lifestyle site and one of Social Life’s incubator companies. HuntPost earlier this month said it has adopted cryptocurrency acceptance through QR codes via Decentral Life for payments at trade shows and other face-to-face events.
Starting in 2013, Social Life has focused on social networks and online marketplaces for such industries as residential real estate, legal cannabis, sports, and hunting and fishing.
