QR code technology is the primary enabling technology for universal proximity wallets.Group of answer choicesTrueFalse

The statement "QR code technology is the primary enabling technology for universal proximity wallets" can be evaluated based on the definition and functionality of both QR codes and universal proximity wallets.

QR codes are a type of matrix barcode that can store URLs, text, and other information. They are widely used for scanning payments, tickets, and facilitating quick access to online content. In the context of digital wallets, QR codes allow users to make transactions by scanning a code presented by a merchant or displayed on a mobile device.

Universal proximity wallets, on the other hand, refer to digital wallets that provide an interface for making payments and storing various types of digital assets. These wallets enable contactless payments, typically using technologies like Near Field Communication (NFC) or Bluetooth. While QR codes can be used for transactions, they are not strictly the only or primary technology for universal proximity wallets.

In conclusion, while QR codes play a significant role in the payment and wallet ecosystem, they are not the primary technology for universal proximity wallets, especially considering other technologies such as NFC.

Final Answer

False. QR code technology is not the primary enabling technology for universal proximity wallets.