{"id":16862,"date":"2024-09-11T10:01:38","date_gmt":"2024-09-11T07:01:38","guid":{"rendered":"https:\/\/forklog.com\/en\/paypal-and-venmo-integrate-ethereum-name-service-for-crypto-payments\/"},"modified":"2024-09-11T10:01:38","modified_gmt":"2024-09-11T07:01:38","slug":"paypal-and-venmo-integrate-ethereum-name-service-for-crypto-payments","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/paypal-and-venmo-integrate-ethereum-name-service-for-crypto-payments\/","title":{"rendered":"PayPal and Venmo Integrate Ethereum Name Service for Crypto Payments"},"content":{"rendered":"<p>Payment platforms PayPal and Venmo have integrated the Ethereum Name Service (ENS).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">? We\u2019re thrilled to announce that <a href=\"https:\/\/twitter.com\/ensdomains?ref_src=twsrc%5Etfw\">@ensdomains<\/a> is now supported on <a href=\"https:\/\/twitter.com\/PayPal?ref_src=twsrc%5Etfw\">@PayPal<\/a> &#038; <a href=\"https:\/\/twitter.com\/Venmo?ref_src=twsrc%5Etfw\">@Venmo<\/a>!<\/p>\n<p>This new feature brings the power of ENS to millions, making crypto transfers easier and more secure than ever\u2014starting in the USA.? <a href=\"https:\/\/t.co\/9hsrhRqEAp\">pic.twitter.com\/9hsrhRqEAp<\/a><\/p>\n<p>\u2014 ens.eth (@ensdomains) <a href=\"https:\/\/twitter.com\/ensdomains\/status\/1833536140529570039?ref_src=twsrc%5Etfw\">September 10, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Users of PayPal and Venmo apps can enter the recipient&#8217;s ENS domain directly into the search field when sending digital assets, automatically identifying wallets linked to the service.<\/p>\n<p>This functionality will reduce the risk of errors in crypto transactions and simplify address management. Initially, it will be available to customers in the United States.<\/p>\n<p>Prior to the integration, users had to enter, paste, or scan QR codes of external wallets to transfer funds.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cCollaboration with PayPal and Venmo allows us to reach both newcomers and those who prefer traditional <\/em><a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%92%D0%B5%D0%B1_2.0\"><em>Web2<\/em><\/a><em> platforms. The integration will ease their interaction with <\/em><em>decentralized finance<\/em><em>,\u201d<\/em> <em>explained<\/em> <a href=\"https:\/\/www.theblock.co\/post\/315188\/paypal-venmo-integrates-ethereum-name-service\">Marta Kura, Business Development Director at ENS Labs.<\/a><\/p>\n<\/blockquote>\n<p>In May, the firm <a href=\"https:\/\/forklog.com\/en\/news\/ens-developers-to-expand-service-to-layer-2-networks\">announced<\/a> plans to expand the service to layer-2 protocols.<\/p>\n<p>On August 21, the Base team <a href=\"https:\/\/forklog.com\/en\/news\/base-to-launch-domain-name-system-on-ens-infrastructure\">launched<\/a> the Basenames domain name system based on ENS infrastructure.<\/p>\n<p>Earlier, the largest DEX, Uniswap, <a href=\"https:\/\/forklog.com\/en\/news\/uniswap-introduces-ens-based-subdomains\">introduced<\/a> uni.eth subdomains based on ENS.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Payment platforms PayPal and Venmo have integrated the Ethereum Name Service (ENS). ? We\u2019re thrilled to announce that @ensdomains is now supported on @PayPal &#038; @Venmo! This new feature brings the power of ENS to millions, making crypto transfers easier and more secure than ever\u2014starting in the USA.? pic.twitter.com\/9hsrhRqEAp \u2014 ens.eth (@ensdomains) September 10, 2024 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1198,1385,182],"class_list":["post-16862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-payments","tag-ethereum-name-service","tag-paypal"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16862"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16861"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}