In particular, take a look at the explanation of the UR format at the 20m0s mark in this video:
The rest of the video explains why we made the choices we did. We wanted to leverage existing standards, but there were too many compromises expecially give QR requirements. See the section on “Why Another Standard” in our overview at
Note that the UR specification just is not just being adopted by wallet vendors, but also a number of online services / transaction coordinators that only have access watch-only keys. These services can then do a crypto-request for the airgapped wallet to sign the PSBT.