Bitcoin.com simplifies cryptocurrency payments and improves data sovereignty with unstoppable domain partnership – Bitcoin News Press Release

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

“Cryptocurrency is a powerful force for economic freedom around the world, but adoption has been stifled by frankly poor user experience – and the industry standard use of complex wallet addresses is a key issue,” he 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 independent wallet.”

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Unstoppable Domains is one of the three largest global blockchain-based domain providers, the other two are Ethereum name service (ENS) and Interwallet Operation Foundation (IOF). These services are all supported in Bitcoin.com walletprovide domain name extensions that are tied to a public blockchain instead of the traditional Domain Name System (DNS).

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

To Unstoppable domainsBuyers can buy a domain name like “brad.crypto”, represented by a non-fungible token (NFT) living on Ethereum or Polygon blockchains. Via the Unstoppable Domains web portal, buyers can map their cryptocurrency addresses to their domain name / NFT, and this information is recorded on the blockchain. Anyone who uses Bitcoin.com wallet can then send any mapped 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 make NFT domains more widespread, ”said 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 cryptocurrency payments, but also allow users to own their data and identity on Web3.”

bitcoin.com CEO Dennis Jarvis added: “Med bitcoin.com by launching our VERSE rewards and tool token, we will guide more and more beginners to the web3 / DeFi world. In this environment, tools that enforce sovereign data ownership are essential infrastructure. We are excited about the progress that Unstoppable Domains has made and look forward to deeper integrations in the future.

ABOUT UNSTOPABLE DOMAINS

Founded in 2018, Unstoppable domains is an NFT domain name provider and a digital identity platform working to bring the world to Web3. Unstoppable Domains offers blockchain NFT domains that give users full ownership and control of their digital identity, with no renewal fees. With Unstoppable Domains, people can replace long alphanumeric crypto wallet addresses with a human readable name and connect to and trade over 200 apps, wallets, exchanges and marketplaces. The company was named by Forbes as one of the top 2022 employers in the United States.

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