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We are making an exchange so in order to give new customer an address to deposit we give him "generated address", but it is actually a random id that will be used as a memo. Problem is - on other cryptocurrencies we use the new address we gave him to be in the QR code. Now it is not really an address but a memo. So how can we solve this matter?

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How about using a federated address instead?

  • What do you mean? What is the difference between this and using the memo? – Tzion buchris Jan 8 at 10:34
  • A federated address is a way to give the user a human readable way of dealing with accounts and memos. They can use something like "username*domain.tld", and the wallet will go ask for the account + memo from a federation server that you are hosting on "domain.ltd". – Johan Stén Jan 8 at 11:11
  • I have checked this , but still, I do not understand how to use this in the Qr code. And what is the difference between this and using regular address with memo attached? – Tzion buchris Jan 8 at 11:13
  • It would be instead of a qr code. The difference is that the user wouldn't have to input a memo in their wallet. You'd be surprised how many users miss this even when it is spelled out in bold letters on the exchange website. – Johan Stén Jan 8 at 11:15
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Not sure if implemented in common wallets but this should be the way to go:

https://github.com/stellar/stellar-protocol/blob/master/ecosystem/sep-0007.md

  • SEP-007 doesn't work well in a QR code setting, because of the potential size of the data – Johan Stén Jan 8 at 10:22

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