Many people believe that cryptocurrency is slowly replacing paper money. Financial institutions and retailers are slowly shifting towards digital payments because they are efficient, reliable, and more secure. However, that does not mean that there is no use of paper in the cryptocurrency industry. Paper wallets are used to convert digital money into physical money.
A new service known as Ether Cheque is doing things differently by providing a paper cheque issuing ether tokens. Although ether can be presented as s gift in the form of a paper wallet, it is always forgotten or thrown out within a short period of time. Ether cheque has come to fill this void. This paper oriented service has interesting features that has quickly propelled it to become the first virtual cheque generator in the world, despite the fact that it does not have any ties with the banking system.
Why Choose Ether Cheque
Does Not Require Recipient Information
One thing that has made Ether Cheque the first cheque generator in the world is because of the fact that it does not require recipient information. This means that it can actually be issued to any person across the globe. Most people don’t like using things that have too many restrictions. Ether Cheque have made things simple for people, and that is why they have become very popular within a short period of time.
It Uses The Unique Design Of A Traditional Cheque
Ether Cheque uses the design of traditional cheques, which are still very popular in countries like Canada and the United States. The fact that people can relate Ether Cheque with traditional cheques, as well as their unique design, has made them very popular.
Cashing Of The Ether Cheques Can Be Done Via The Official Website
Yes, cashing of the Ether Cheque can be done via the official website. All that you need to do is to submit the cheque number and you will be given options on how to withdraw funds associated with that particular transaction. You will be required to set up an ether wallet (one that contains a private key) to get the fund sent to you. However, the fact still remains that Ether Cheque is a decentralized service that can easily be accessed by the user.
It Sends All Funds To Smart Contract
Just as you would expect from any Etheruem related project, Ether Cheques are efficient and ensure that all funds are sent to a smart contract. This is very important because it ensure that fund transfers are separated from one another and can only be linked to one specific cheque number. This also fosters transparency because any person can see funds that are available for cashing out. It is indeed a more reliable and efficient concept.
Quick And Flexible
As said before, you can issue ether cheques in seconds without the need to have the receiver’s information. In addition to that, you can also give any design you want to your cheque.
Ether cheques are available in various designs. This means that you can cash a cheque just by using its number and signature.
Ether cheques are very secure because all information about the check is kept in a secure platform. This means that unauthorized persons cannot access or use the cheque. It can only be used by the real owner of the cheque.
Ether Cheque Final Words
Do you want to provide an ether cheque as gift to someone special in your life? If so, then you are making the right decision. Just like Amazon gift cards, you can actually gift someone with ether. Each ether cheque is built on an Etheruem smart contract that runs on the Etheruem network and is very secure. It cannot be tampered with by anyone, including the person who designed it. Only the person with the right cheque number can unlock their funds and cash out.