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Bitcoin.com Simplifies Cryptocurrency Payments, Enhances Data Sovereignty With Unstoppable Domains Partnership

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In partnership with Unstoppable Domains, Bitcoin.com simplifies the use of cryptocurrencies as a payment method. Multichain Users Bitcoin Wallet can now send cryptocurrency to the full range of domains offered by the blockchain-based domain provider. This means, for example, that people can send bitcoins to a human-readable address like “elizabeth.crypto” rather than long and complex wallet addresses that are native to the bitcoin protocol (like bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq).

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“Cryptocurrency is a powerful force for creating economic freedom in the world, but adoption has been stifled by frankly poor user experience, and the standard use of complex wallet addresses is a key issue,” he said. Bitcoin.com CEO Dennis Jarvis. “Human-readable Unstoppable Domains addresses are a big step in the right direction, which is why we are proud to support them in our fully offline wallet.”

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Unstoppable Domains is one of the top three blockchain-based domain providers in the world, the other two are Ethereum Name Service (ENS) and The basis for the operation of the interwallet (FULL NAME). These services, all of which are supported in Bitcoin Walletprovide domain name extensions tied to a public blockchain rather than the traditional Domain Name System (DNS).

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“When domain name ownership is managed through public blockchains rather than through the private databases of traditional domain name registration services like Verisign, the result is reduced risk of censorship and increased ownership—two key benefits of crypto in general,” he said. Jarvis.

AT Unstoppable Domainsbuyers can purchase a domain name such as “brad.crypto”, which is represented as non-fungible token (NFT) which lives on the Ethereum or Polygon blockchains. Through 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 Wallet can then send any matched cryptocurrency to the owner of the domain name by entering the domain name (for example, “brad.crypto”) in the send field.

“More than 32 million wallets have been created, Bitcoin.com Wallet has the potential to mainstream NFT domain usage,” said Sandy Carter, senior vice president of business development at Unstoppable Domains. “We are very excited to expand our partnership with Bitcoin.com so that we can not only make crypto payments easier, but also empower people to own their data and their identity online.”

Bitcoin.com CEO Dennis Jarvis added: “With Bitcoin.com By launching our VERSE rewards and utility tokens, we will be guiding more and more newcomers to the web3/DeFi world. In this environment, tools that increase data sovereignty are an essential infrastructure. We are thrilled with the progress of Unstoppable Domains and look forward to deeper integration in the future.”

ABOUT REQUIRED DOMAIN

Founded in 2018, Unstoppable Domains is an NFT domain name provider and digital identity platform working to connect the world to Web3. Unstoppable Domains offers blockchain-minted NFT domains that give people complete ownership and control of their digital identity with no renewal fees. With Unstoppable Domains, people can replace long alphanumeric cryptocurrency wallet addresses with a human-readable name, and log into and transact with over 200 apps, wallets, exchanges, and marketplaces. The company was named one of America’s Top Startup Employers in 2022 by Forbes.



Credit : news.bitcoin.com

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