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The 1inch Wallet: A deep dive into the payment request feature

In this article, we will delve into one of the distinctive features offered by the 1inch Wallet – the payment request functionality. This unique feature simplifies the process of sending and receiving cryptocurrencies, making it a standout among DeFi wallets.

The 1inch Wallet's payment request feature enables users to receive a specific amount of any token by creating a link or QR code embedded with URLs. These codes and links can be easily shared via email, social media, or messaging apps.

Upon receiving the QR code or link, recipients can click on it to be redirected to the Send screen of the 1inch Wallet app. All payment details, including the amount and address, are conveniently pre-filled, requiring only confirmation to complete the transaction.

This payment request feature is available across various networks supported by the 1inch Wallet, such as Ethereum, BNB Chain, Polygon, Optimism, Arbitrum, Avalanche, Fantom, ZKSync Era, Gnosis Chain, Klaytn, and Aurora.

Benefits of the Payment Request Feature:

  1. Effortless Funds Transfers:

    • Users can generate payment requests with a few clicks, eliminating the need for manual entry of long addresses.

    • Fulfilling a payment request is as simple as scanning a QR code or following a link.

  2. Increased Security:

    • Reduces the risk of mistakes or falling victim to hacker attacks, as users avoid manually entering addresses.

    • Prioritizes Ethereum hex addresses over ENS searches, providing an extra layer of protection against malicious redirection.

How It Works:

User A: Creating a Payment Request

  1. Open the 1inch Wallet app and select the desired wallet.

  2. Navigate to the Receive section and select the Request tab.

  3. Choose the network and token, enter the desired amount, and click Generate QR code.

  4. Share the generated QR code or link via email, messaging apps, or social media.

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User B: Fulfilling a Payment Request

  1. Upon receiving the payment request, follow the provided link or scan the QR code.

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  1. The 1inch app will redirect to the Send screen with pre-filled payment details.

  2. Choose the preferred wallet for the transaction within the 1inch Wallet app.

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  1. Customize additional parameters, such as gas and transaction speed.

  2. Click the Send button to complete the transaction and provide User A with the requested funds.

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This seamless process ensures a secure and efficient fund transfer. User A gains confidence in receiving the precise amount on the selected network, while User B enjoys a hassle-free experience without the risk of making mistakes during the crypto transfer. Additionally, User B benefits from an expedited process, thanks to the elimination of manual entry of payment details.

To experience this and other convenient features, users can install the 1inch Wallet, available for both iOS and Android.