Ethereum Name Service Integrates its Solution into PayPal
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ENS Labs, the developer firm for Ethereum Name Service (ENS), has announced that its platform has been integrated into major payment platforms PayPal and Venmo.
This news is an indication of growing interest from mainstream payment platforms in the use of blockchain technology and cryptocurrencies.
Users can now utilize their ENS names to transfer cryptocurrencies on these platforms, reducing the risk of sending assets to the wrong address.
Initially, this feature will only be available to users in the United States.
ENS offers Ethereum users a personalized name such as “xyz.eth” in place of their long and complex blockchain addresses, making the process of sending cryptocurrencies smoother.
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