Blockchain.com introduces username-based crypto transactions

Published at: June 24, 2021

Major crypto wallet provider Blockchain.com is integrating with Unstoppable Domains to simplify sending crypto funds for its customers.

Unstoppable Domains announced Thursday that it had integrated native support for Blockchain.com, enabling that latter's 32 million verified users to send funds with a username instead of a full-length crypto wallet address.

The initiative aims to remove the risk of human error when sending funds, simplifying transactions between Blockchain.com users and more than 50 other wallets and exchanges supported by Unstoppable Domains, including Coinbase wallet, MyEtherWallet and others.

The integration allows users to send cryptocurrencies like Bitcoin (BTC) and Ether (ETH) using a readable recipient’s domain instead of a 25-to-42-digit alphanumeric wallet address. This way, users will be protected from associated typos or miscopies.

“With our integration with Blockchain.com, an 'invalid address' message will pop up if the address is not linked to a wallet,” Unstoppable Domains founder and CEO Matthew Gould told Cointelegraph.

Gould said that there is no specific character length for a domain wallet address. “We only recommend you pick a domain that’s easy to read and remember. It could be your first and last name, your nickname, the name of your business,” he noted.

Related: Unstoppable Domains’ .crypto websites now available via Brave browser

The news comes amid Unstoppable Domains hitting a major milestone, with the company selling more than one million domain names that are minted as nonfungible tokens (NFTs) on the Ethereum blockchain. Alongside sending and receiving funds, these NFT domains with a .crypto extension are used to create decentralized websites to publish content and access Web3.

Tags
Decentralization
Technology
Bitcoin
Cryptocurrencies
Internet
Wallet
Partnerships
Sites
Related Posts
Pragmatism: The true key to unlocking crypto mass adoption
When Bitcoin (BTC) launched in 2009, it was motivated by the distrust of financial institutions and their fees and the inflationary practices by central banks during the Great Recession. Bitcoin was supposed to usher in an era of decentralization, financial inclusion and democratization. Yet more than a decade later, with Bitcoin prices surging, we’re witnessing the digital asset being hoarded by large, centralized financial institutions, risking the principles behind its creation. Bitcoin is now in danger of being predominantly in the domain of the financially included — exactly the types of institutions that the creators sought to avoid in the …
Decentralization / Jan. 26, 2021
The perils of a decentralized web living in the centralized world
On Jan. 26, the internet came to a screeching halt along much of the East Coast. Email services went down; YouTube videos flickered out midstream; millions were likely affected, if only temporarily. But the outage, attributed to a surge in traffic, underscores the metastasizing vulnerabilities surrounding the way most of the world conducts commerce, consumes entertainment and communicates. The implications of such outages should be seen as particularly alarming for those in cryptoland: namely, for the ever-growing numbers of participants in an emerging decentralized ecosystem for transferring peer-to-peer value with Bitcoin (BTC) who build smart contracts on Ethereum or launch …
Decentralization / Feb. 20, 2021
What happens to your Bitcoin when you die?
As cryptocurrency investment becomes more and more popular, long-term investors are increasingly concerned with the uncomfortable question: What happens to your Bitcoin (BTC) when you die? According to a 2020 study by the Cremation Institute, nearly 90% of crypto owners are worried about what will happen to their crypto after they pass away. Furthermore, despite a high level of concern, crypto holders are reportedly four times less likely to use wills for inheritances than non-crypto investors. As explained in its white paper, Bitcoin is a purely peer-to-peer version of electronic cash, allowing online payments to be sent directly from one …
Decentralization / Nov. 27, 2020
Winklevoss’ Gemini to Offer Custody of .Crypto Blockchain Domains
Unstoppable Domains, a major blockchain domain provider, is hitting another milestone as Winklevoss brothers' Gemini exchange now offers custody for its ".crypto" domains. Starting from July 23, users can store their ".crypto" addresses obtained through Unstoppable Domains with Gemini Custody — a tool that is designed to store crypto assets in a regulated, secure and compliant manner. Domain registrars 101domain and EnCirca are among the first users Registrars of traditional DNS domains are being targeted as top customers of the new service. Providers like 101domain and EnCirca will be the first resellers of the new product, Unstoppable Domains’ co-founder Brad …
Technology / July 23, 2020
Why is there so much uncertainty in the crypto market right now? | Market Talks with Crypto Jebb and Crypto Wendy O
In the fourth episode of Market Talks, we welcome YouTube media creator and crypto educator Crypto Wendy O. Wendy became interested in cryptocurrency and blockchain technology in November 2017. She has been into crypto full-time since the summer of 2018 and focuses on providing transparent marketing and media solutions for blockchain companies globally. Wendy also offers free education via YouTube and Twitter to her growing audience of over 170,000, giving her the largest following of any female crypto influencer in the world. Some of the topics up for discussion with Wendy are the new consumer price index numbers and how …
Decentralization / July 14, 2022