in Crypto News
No more long addresses
Users of the MoonPay crypto payment service are now able to send and receive digital assets without having to enter a long string of letters and numbers, instead using their Unstoppable Domain identity. Instead of typing a wallet address like:
all it takes is:
Unstoppable Domains provides users with easy-to-remember domain names that are registered as NFTs on the Ethereum blockchain and are owned for life. Available for a variety of domains, including .crypto, .coin, .nft and .wallet, they can be used as a universal username across multiple Web3 applications, website URL and payment address for crypto wallets.
Sandy Carter, an executive at Unstoppable Domains, commented that this partnership will make Web3 more intuitive, both for beginners and experts.
Demand for Ethereum Name Service domains continues to be strong in spite of the current bear market, with registrations rising 200% in July. Among these was the sale of “000.eth” for ETH 300, about $317,000 at the time.
MoonPay’s popularity is surging
MoonPay is quickly becoming one of the most popular options for purchasing cryptocurrencies quickly and simply. Available in over 160 countries, MoonPay offers nearly 100 cryptocurrencies, from Aave to Zilliqa. About 40 of these are available to US citizens.
The company was launched in 2019 with the goal of increasing worldwide cryptocurrency adoption through a simple and secure software solution. Now worth more than $3.4 billion, a $555 million Series A financing round last November attracted $87 million from dozens of public figures and celebrities, including Steve Aoki, Justin Bieber, Drake, Paris Hilton, Ashton Kutcher, Matthew McConaughey, Gwyneth Paltrow, Snoop Dogg and Bruce Willis.
In December, MoonPay announced a partnership with FaZe Clan, a professional esports and entertainment organization headquartered in Los Angeles. As their official crypto and NFT partner, MoonPay will integrate into existing content across the FaZe Clan platform, with new original content customized for the FaZe Clan community.
Justin Hamilton, MoonPay’s head of communications, said that the company is "Laser-focused on helping foster a healthy ecosystem of partners with reliable payment infrastructure," encouraging content creators to own their Web3 IP address and have “greater control of their creative output and financial support."
Using MoonPay in Exodus
MoonPay is also available as a fiat on-ramp option for direct purchase of over 60 assets within Exodus desktop, Exodus mobile and the Exodus browser extension.
In this case, Exodus will automatically provide the correct wallet address, so you don’t have to type any address at all.
Click here for a simple guide on how to buy crypto with MoonPay in Exodus.
This content is for informational purposes only and is not investment advice. You should consult a qualified licensed advisor before engaging in any transaction.