Home,   Read,   News

Venmo, PayPal Integrate ENS Domains

Users will soon be able to send crypto payments to .eth addresses.

Subscribe to Bankless or sign in

PayPal PayPal and Venmo are now allowing U.S. users to make crypto transfers via ENS ENS addresses

What’s the Scoop?

  • Easier Payments: American using the crypto transfer functionalities of popular payment applications PayPal and Venmo can now send token payments in-app to ENS addresses, eliminating the need to copy and paste cumbersomely long strings of text.
  • Adoption Opp: “We are excited to bring ENS’ naming capabilities directly into the hands of millions of users, through Venmo, PayPal Mobile, and PayPal Web,” said Khori Whittaker, executive director of ENS Labs. “As the world of digital assets becomes more mainstream, our goal is to ensure managing those assets is as intuitive and user-friendly as possible.”

Bankless Take:

Mnemonic ENS addresses are undeniably easier to recollect and input than standard public keys; any Ethereum-based crypto payments application must support the standard. The PayPal and Venmo integrations are being celebrated as a win by Etherians, meanwhile, the broader crypto industry remains optimistic that payments have the potential to catalyze mainstream adoption.

 


5
0
Uniswap Labs - Sponsor Image
Sponsored Uniswap Labs Unichain is live! Bridge & swap with Uniswap Labs' web app or wallet.
In The Article
Ethereum Ethereum ENS ENS PayPal PayPal
Jack Inabinet

Written by Jack Inabinet

419 Articles • View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

No Responses
Search Bankless