Disclaimer: This is just an personal opinion and is in no way sponsored
Blockchain cheque at https://app.checkbook.cash/receive
Is an awesome little app on smartBCH sidechain that let's you write a cheque in form of a smart contract and send it to someone.
To me personally any development on smartBCH is awesome and I love to see new and exciting things happening on it.
However, I am quite excited for this as it is some new and unique and not just another DEX. Don't get me wrong, we need more DEX on the smartBCH network and currently I can count all DEX on one hand. But there is just something fresh about seeing something new.
Why send checks?
Ok so obvious thing to consider is why send a cheque when you can just send your token directly?
Well that is true but cheque comes in handy in a lot of situations;
Think of your wallet to wallet transfer as you giving someone cash, once sent it is no longer easy to get it back if the person disappear with it.
Cheque on the other hand can be revoked, so imagine you hired me to make a logo for you (by the way, I actually do design logos) and worried that I might take your BCH and not do the work so you don't want to pay me beforehand. However I am worried that after I send the logo file you might not send the BCH so I might want to get BCH beforehand.
So cheque could be a good way to solve the trust issue, you could send me a cheque on the app so that I know you have the BCH to pay and ready to claim on my wallet but you share the passphrase after receiving the logo.
This does solve some of the problems by acting as an intermediary.
Another thing is if you had to send tokens to a large audience then you can use cheques instead of manual inputs.
There are many use cases for this app and hats off to the developers for making this awesome tool.
