Copy conceptual info out of send-a-check.md to checks.md

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Oliver Eggert
2022-12-09 15:48:17 -08:00
parent 06e96266d1
commit ed94026db4
2 changed files with 8 additions and 14 deletions

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@@ -11,7 +11,9 @@ _Added by the [Checks amendment][]._
Sending a Check is like writing permission for an intended recipient to pull a payment from you. The outcome of this process is a [Check object in the ledger](check.html) which the recipient can cash later.
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In many cases, you want to send a [Payment][] instead of a Check, since that delivers the money directly to the recipient in one step. However, if your intended recipient uses [DepositAuth](depositauth.html), you cannot send them Payments directly, so a Check is a good alternative.
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This tutorial uses the example of a fictitious company, BoxSend SG (whose XRP Ledger address is `rBXsgNkPcDN2runsvWmwxk3Lh97zdgo9za`) paying a fictitious cryptocurrency consulting company named Grand Payments (with XRP Ledger address `rGPnRH1EBpHeTF2QG8DCAgM7z5pb75LAis`) for some consulting work. Grand Payments prefers be paid in XRP, but to simplify their taxes and regulation, only accepts payments they've explicitly approved.