Bitcoin.com Simplifies Cryptocurrency Payments, Enhances Data Sovereignty With Unstoppable Domains Partnership – Press release Bitcoin News

Unstoppable Domains is a partner Bitcoin.comThis makes it much easier to pay with cryptocurrency. The multichain is used by users Bitcoin.com WalletThe blockchain-based domain service provider now allows you to send cryptocurrency to all domains. This means, for example, that people can send bitcoin to a human-readable address like ‘elizabeth.crypto’ rather than to the long and complicated wallet addresses that are native to the Bitcoin protocol (eg. bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq).

“Cryptocurrency is a powerful force for creating economic freedom in the world, but adoption has been stifled by the frankly poor user experience — and the industry-standard usage of complex wallet addresses is a key pain point,” said Bitcoin.com CEO Dennis Jarvis. “Unstoppable Domains’ human-readable addresses are a big step in the right direction, which is why we’re proud to support them in our fully self-custodial wallet.”

Unstoppable Domains (one of three global major providers of Blockchain-based Domains) is the third. Ethereum Name Service(ENS) and Foundation for Interwallet Operability (FIO). This includes all services that are provided in English. Bitcoin.com WalletDomain name extensions can now be linked to public blockchains rather than the traditional Domain Name System.

“When ownership of domain names is managed via public blockchains rather than in the private databases of traditional domain name registry services like Verisign, the result is reduced censorship risk and enhanced property rights — two of the key value propositions of cryptocurrency in general,” said Jarvis.

Take a look at Inexpensive Domains, buyers can purchase a domain name like ‘brad.crypto’ which is represented as a nonfungible token (NFT)This information is available on either the Ethereum blockchain or Polygon. Via Unstoppable Domains’ web portal, buyers can map their cryptocurrency addresses to their domain name/NFT, and that information is recorded on the blockchain. The website is available to anyone who uses it. Bitcoin.com WalletBy entering your domain name, you can now send any map cryptocurrency to the owner of the domain. ‘brad.crypto’) in the send field.

“With over 32 million wallets created, Bitcoin.com Wallet has the potential to bring usage of NFT domains to the mainstream,” said Sandy Carter, SVP of Business Development at Unstoppable Domains. “We’re thrilled to expand our partnership with Bitcoin.com so we can not only simplify cryptocurrency payments, but also empower people to own their data and their identity across web3.”

Bitcoin.com CEO Dennis Jarvis added, “With Bitcoin.com launching our rewards and utility token VERSE, we’ll be guiding more and more newcomers into the web3/DeFi world. Infrastructure tools to increase sovereign data ownership are crucial in this environment. We’re excited at the progress Unstoppable Domains is making, and we’re looking forward to deeper integrations in the future.”

 

UNSTOPPABLE DoMAINS

Established in 2018. Inexpensive DomainsNFT domain provider, digital identity platform and NFT domain registry. Unstoppable Domains is a provider of NFT domains, minted on blockchain. It gives users full control and ownership over their digital identity with no renewal fees. Unstoppable Domains allows people to replace long alphanumeric crypto wallet address with a human-readable username and allow them to log in and transact using more than 200 apps and wallets. The company was named by Forbes as one of America’s Best Startup Employers in 2022.

 

 

Bitcoin.com

Bitcoin.com was founded in 2015 and has become a worldwide leader in welcoming newcomers into crypto. We make it simple for everyone to purchase, trade, invest in, earn and keep up-to date on the latest financial news and cryptocurrency.

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