{"id":92830,"date":"2024-09-10T18:49:44","date_gmt":"2024-09-10T22:49:44","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=92830"},"modified":"2024-09-10T18:51:20","modified_gmt":"2024-09-10T22:51:20","slug":"paypal-venmo-intergrates-support-for-ens-domain","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/paypal-venmo-intergrates-support-for-ens-domain\/","title":{"rendered":"PayPal, Venmo Integrates Support for ENS Domain Names\u00a0"},"content":{"rendered":"\n

ENS Labs has partnered with Venmo and PayPal, two well-known payment processors, to streamline cryptocurrency transactions<\/a>.\u00a0<\/p>\n\n\n\n

\"PayPal,
PayPal, Venmo Integrates Support for ENS Domain Names\u00a0<\/figcaption><\/figure>\n\n\n\n

Thanks to this partnership, users will be able to send digital assets using Ethereum Name Service domains\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. <\/p>\n\n\n\n

By lowering the possibility of mistakes frequently connected to standard wallet addresses, this integration may improve transaction security for cryptocurrency. <\/p>\n\n\n\n

Users of PayPal and Venmo in the United States can now input ENS names when sending cryptocurrencies, negating the need to copy or scan wallet addresses physically. <\/p>\n\n\n\n

This action is anticipated to reduce mistakes like transferring money to the wrong address\u2014a popular target for con artists. <\/p>\n\n\n\n

Cryptocurrency users who neglected to confirm their addresses before transferring funds have suffered large losses due to scams such as address poisoning schemes<\/a>. <\/p>\n\n\n\n

For example, a Bitcoin whale lost about $70 million in May when transferring funds to a fictitious address. <\/p>\n\n\n\n

Ledger, a manufacturer of hardware wallets<\/a>, recently alerted people to a new address-poisoning fraud aimed at cryptocurrency speculators.<\/p>\n\n\n\n

Because ENS names are simpler to understand and recall than complicated wallet addresses, users can avoid the problems associated with this system by integrating ENS. <\/p>\n\n\n\n

PayPal and Venmo are facilitating a more seamless and intuitive experience, particularly for novice users of cryptocurrencies, by utilizing ENS. <\/p>\n\n\n\n

Users only need to enter the ENS name; the platforms will automatically get the related wallet address, saving them from having to deal with tedious wallet addresses. <\/p>\n\n\n\n

This increases security and simplicity simultaneously because scammers usually take advantage of user errors when entering or saving wallet addresses. <\/p>\n\n\n\n

Additionally, the cooperation offers an address book function that stores ENS names and enables users to access past connections easily. <\/p>\n\n\n\n

By enhancing the current cryptocurrency infrastructure of PayPal and Venmo, this feature makes external transactions<\/a> just as smooth as internal ones.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

ENS Labs has partnered with Venmo and PayPal, two well-known payment processors, to streamline cryptocurrency transactions.\u00a0 Thanks to this partnership, users will be able to send digital assets using Ethereum Name Service domains . By lowering the possibility of mistakes frequently connected to standard wallet addresses, this integration may improve transaction security for cryptocurrency. Users […]<\/p>\n","protected":false},"author":43,"featured_media":92831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[21754,5399],"class_list":["post-92830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cryptocurrency-transactions-paypal","tag-ens"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/09\/croc_1725996130298.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/92830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=92830"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/92830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/92831"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=92830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=92830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=92830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}