[ad_1]
Unstoppable Domains has sold over a million domain names, which are minted as NFT on the Ethereum blockchain. The names can be used to create decentralized websites for posting content and accessing Web3.
Blockchain.com users can now send funds with usernames instead of wallet addresses as one of the largest crypto wallets in the world seeks to continue to simplify the domain for investors.
Blockchain.com’s partnership with Unstoppable Domains means its 32 million verified users in 200 countries can send crypto to and from easy-to-read names that are compatible with over 50 wallets and exchanges.
We see every day how hard it is for people to understand all of these tricky crypto terms, whether it’s address, a recovery phrase, or a private key, Blockchain.com product manager Amadeo Pellicce told Blockworks. in an interview. What we wanted to do was make it easy for people to pay themselves by using similar ideas that you can find on social media or things like emails.
Since 2012, 76 million wallets have completed $ 800 billion in transactions with Blockchain.com. Traditionally, sending Bitcoin, Ethereum, and other cryptocurrencies requires entering the 25-42 digit recipient’s alphanumeric wallet address. Pellicce said company users were reporting instances of an incorrect typing or erroneous copy of an address and added that once the transaction is on chain, it cannot be reversed.
Now a user can enter Amadeo.crypto, for example, as the recipient of a crypto transaction, Pellicce said. Blockchain.com intends to make it even easier over time for people to pay for usernames they’ve already had transactions with, he added.
At the heart of this integration is freedom and digital ownership, Matthew Gould, founder and CEO of Unstoppable Domains, said in a statement. Services like Venmo and Cash App are closed ecosystems with geographic restrictions, but .crypto domain names give you the freedom to send funds between a large number of wallets and exchanges from anywhere in the world. .
Unstoppable Domains has sold over a million domain names, which are minted as NFT on the Ethereum blockchain. In addition to sending and receiving funds, these NFT domains are used to create decentralized websites for posting content and accessing Web3.
In addition to partnering with the domain provider, Pellicce said Blockchain.com is revising its entire product set to make it easier for people to buy crypto for the first time and use it.
Not just like sending money, he said, but with the rise of DeFi and all these types of apps built on blockchains, we want to make it easier for them to interact with those networks.
Ben strack
Ben Strack is a Denver-based reporter covering macroeconomics, financial services, and digital asset management. Prior to joining Blockworks, he covered the asset management industry for Fund Intelligence, and was a reporter and editor for various local newspapers on Long Island. He graduated from the University of Maryland with a journalism degree.
[ad_2]
picture credit