Bitcoin.com simplifies cryptocurrency payments, improves data sovereignty with unstoppable domain partnerships – Press release Bitcoin News

press release

In collaboration with Unstoppable Domains, Bitcoin.com makes it easier than ever to use cryptocurrency as a payment method. Multi-chain users Bitcoin.com wallet can now send cryptocurrencies to the full range of domains offered by the blockchain-based domain provider. This means, for example, that people can send bitcoin to an address that can be read by people as ‘elizabeth.crypto’ instead of to the long and complicated wallet addresses that reside in the Bitcoin protocol (e.g. bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq).

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

Unstoppable Domains is one of three major suppliers globally of blockchain-based domains, the other two are Ethereum name service (ENS) and Foundation for Interwallet Operability (FIO). These services, which are all supported in Bitcoin.com walletprovide domain name extensions associated with a public blockchain instead of the traditional Domain Name System (DNS).

“When domain name ownership is managed through public blockchains rather than in the private databases of traditional domain name registry services such as Verisign, the result is reduced censorship risk and improved property rights – two of the key value propositions of cryptocurrency in general,” Jarvis said.

On Unstoppable domainsBuyers can buy a domain name like ‘brad.crypto’ which is represented as one non-fungible token (NFT) which live on either the Ethereum or Polygon blockchains. Via Unstoppable Domains’ web portal, buyers can map their cryptocurrency addresses to the domain name / NFT, and that information is registered on the blockchain. Everyone who uses Bitcoin.com wallet can then send any assigned cryptocurrency to the owner of the domain name by entering the domain name (eg ‘brad.crypto’) in the send field.

“With over 32 million wallets created, Bitcoin.com Wallet has the potential to bring the use of NFT domains to the mainstream, says Sandy Carter, SVP for business development at Unstoppable Domains. “We are excited to expand our partnership with Bitcoin.com so that we can not only simplify payments with cryptocurrency, but also give people the opportunity to own their data and their identity across web3.”

Bitcoin.com CEO Dennis Jarvis added: “Med Bitcoin.com As we launch the rewards and help token VERSE, we will lead more and more newcomers into the web3 / DeFi world. In that environment, tools that increase sovereignty ownership of data are important infrastructure. We are excited about the progress Unstoppable Domains is making, and we look forward to deeper integrations in the future. “

ABOUT UNSTOPPABLE DOMAINS

Founded in 2018, Unstoppable domains is a provider of NFT domain names and digital identity platform that works to integrate the world on Web3. Unstoppable Domains offers blockchain NFT domains that give people full ownership and control over their digital identity, with no renewal fees. With Unstoppable Domains, people can replace long alphanumeric crypto wallet addresses with a human name and log in and trade with more than 200 apps, wallets, exchanges and marketplaces. The company was named by Forbes as one of the top US start-up employers in 2022.

Bitcoin.com

Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. With available educational material, timely and objective news and intuitive self-storage products, we make it easy for everyone to buy, use, trade, invest, earn and stay up to date on cryptocurrency and the finances of the future.

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