press launch
In partnership with Unstoppable Domains, Bitcoin.com is making it simpler than ever to make use of cryptocurrency as a cost technique. Customers of the multichain Bitcoin.com Pockets can now ship cryptocurrency to the total vary of domains provided by the blockchain-based area supplier. This implies, for instance, that folks can ship bitcoin to a human-readable tackle like ‘elizabeth.crypto’ slightly than to the lengthy and sophisticated pockets addresses which might be native to the Bitcoin protocol (eg. bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq).
“Cryptocurrency is a robust drive for creating financial freedom on this planet, however adoption has been stifled by the frankly poor consumer expertise — and the industry-standard utilization of complicated pockets addresses is a key ache level,” mentioned Bitcoin.com CEO Dennis Jarvis. “Unstoppable Domains’ human-readable addresses are an enormous step in the suitable course, which is why we’re proud to help them in our totally self-custodial pockets.”
Unstoppable Domains is considered one of three main suppliers globally of blockchain-based domains, the opposite two being the Ethereum Identify Service (ENS) and the Basis for Interwallet Operability (FIO). These providers, all of that are supported within the Bitcoin.com Pockets, present area title extensions which might be tied to a public blockchain slightly than to the standard Area Identify System (DNS).
“When possession of domains is managed by way of public blockchains slightly than within the non-public databases of conventional area title registry providers like Verisign, the result’s lowered censorship threat and enhanced property rights — two of the important thing worth propositions of cryptocurrency basically,” mentioned Jarvis.
At Unstoppable Domains, consumers should purchase a site title like ‘brad.crypto’ which is represented as a nonfungible token (NFT) that lives on both the Ethereum or Polygon blockchains. By way of Unstoppable Domains’ net portal, consumers can map their cryptocurrency addresses to their area title/NFT, and that data is recorded on the blockchain. Anybody utilizing the Bitcoin.com Pockets can then ship any mapped cryptocurrency to the area title proprietor by typing within the area title (eg. ‘brad.crypto’) within the ship discipline.
“With over 32 million wallets created, Bitcoin.com Pockets has the potential to carry utilization of NFT domains to the mainstream,” mentioned Sandy Carter, SVP of Enterprise Growth at Unstoppable Domains. “We’re thrilled to broaden our partnership with Bitcoin.com so we can’t solely simplify cryptocurrency funds, but in addition empower folks to personal their knowledge and their id throughout web3.”
Bitcoin.com CEO Dennis Jarvis added, “With Bitcoin.com launching our rewards and utility token VERSE, we’ll be guiding increasingly more newcomers into the web3/DeFi world. In that setting, instruments that improve sovereign possession of knowledge are important infrastructure. We’re excited on the progress Unstoppable Domains is making, and we’re wanting ahead to deeper integrations sooner or later.”
ABOUT UNSTOPPABLE DOMAINS
Based in 2018, Unstoppable Domains is an NFT area title supplier and digital id platform working to onboard the world onto Web3. Unstoppable Domains provides NFT domains minted on the blockchain that give folks full possession and management of their digital id, with no renewal charges. With Unstoppable Domains, folks can substitute prolonged alphanumeric crypto pockets addresses with a human-readable title and log into and transact with greater than 200 apps, wallets, exchanges and marketplaces. The corporate was named by Forbes as considered one of America’s Greatest Startup Employers in 2022.
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