Goodbye wallet addresses, welcome .crypto domains

Soon cryptocurrency users will no longer have to deal with complicated wallet addresses, because .crypto domains will replace these. Instead of sending a bitcoin to 34CpoxRwJzEzBg7D6DtXTbkUVvzPXyTbKQ, people will be able to send it to ‘yourname.crypto’. Software company Unstoppable Domains announced this on Friday.

Ethereum blockchain is the blockchain behind the domain name registry. The .crypto domains allows users to connect any cryptocurrency address. To transfer cryptocurrencies people only need to know the domain name. Pay the domain name once and it’s yours for ever.

According to Unstoppable Domains the simplification of cryptocurrency payments will lead to mainstream adoption. Because of this consumers using the domain name service can use any cryptocurrency.

“We believe that tribalism in the crypto community is slowing down adoption of the technology. .Crypto is a domain name system meant to be used for any cryptocurrency payment and with any cryptocurrency wallet. Sending money to a .crypto domain is a way simpler user experience for the millions of cryptocurrency users that currently have to copy/paste and type in long addresses in order to transact.”

Unstoppable Domains co-founder and CEO Matthew Gould