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Author: ENS Labs; Translation: Bitchain Vision xiaozou
Ethereum Domain Name Service (ENS) is honored to announce an important milestone in the cryptocurrency space: users can now send and receive cryptocurrencies with ENS domains on Venmo, PayPal Mobile and PayPal Web.
1,useENSSimplify crypto trading
At the heart of this feature is a common vision: simplify crypto transactions for everyone.With ENS now integrated into PayPal and Venmo, users can use ENS domains when transferring cryptocurrencies, making it easier to manage wallet addresses and reduce the risk of errors.
The specific working principle is as follows: When starting an encrypted transfer, users simply enter their ENS domain name in the search box.PayPal and Venmo’s systems will automatically resolve the ENS domain name to the wallet address corresponding to the blockchain used.This simplified process ensures that users can undoubtedly select the right address to continue the transaction.During the entire transfer process, the ENS domain name and related addresses are visible, making everything clear and guaranteed.
2, introduce address book function
In addition to ENS integration, PayPal and Venmo users now have access to the new Address Book feature designed to enhance the cryptocurrency transfer experience.Traditionally, transferring cryptocurrencies requires manual entry or pasting of wallet address, or scanning a QR code.With the address book function, users can save and call recently used addresses and store frequently interacting wallet addresses, all of which can be done in one stop.
The feature also integrates ENS, allowing users to save ENS domain names while saving traditional wallet addresses.Whether you are sending cryptocurrency to a friend or paying for a business in cryptocurrency, the address book will remember your previous transactions, enabling faster and more efficient transfers.Just like you rely on PayPal or Venmo contacts for internal transfers, you can now enjoy the same convenience when transferring passwords outward.
3, a new era of user-friendly encryption
The integration of ENS with PayPal and Venmo is an important step in making cryptocurrencies more accessible to the public.By mitigating reliance on complex wallet addresses, ENS enables users to focus on what really matters – seamless secure transactions.
As we continue to build a decentralized network, such collaborations are crucial to driving mainstream adoption.Whether you are an experienced crypto enthusiast or a crypto novice, new features integrated with ENS, PayPal and Venmo will make your encryption experience as smooth as possible.
We will launch this exciting feature on PayPal and Venmo platforms, so please keep an eye on more updates.The future of encryption is here, and the crypto world is closer than ever.
