Skip to content

Coinbase follows Huobi in supporting .Crypto domain-based payments

August 5, 2020

Coinbase wallet, a service of the largest crypto exchange in the United States, Now supports “.crypto” domains through integration with the blockchain domain provider Unstoppable Domains.

Coinbase users can now send payments to each other simply by entering a .crypto domain Instead of using long crypto addresses, Unstoppable Domains announced Cointelegraph on August 5.

With the introduction of the new integration, Coinbase Wallet joins the major crypto exchange Huobithat announced a similar feature in late June.

Coinbase follows Huobi in supporting .Crypto domain-based paymentsCoinbase follows Huobi in supporting .Crypto domain-based payments

Brad Kam, co-founder of Unstoppable Domains, says that Coinbase Wallet is the first platform to offer an “all-in-one solution” for all the cryptocurrencies offered by the wallet. According to Unstoppable Domains, the wallet is from Coinbase supports .crypto domains in Bitcoin (BTC), Ether (ETH) and any other currency provided by the wallet.

In addition to Huobi and Coinbase Wallet, .crypto domains were also supported by Trust Wallet. an official self-custody wallet from Binance, the world’s largest crypto exchange.

Coinbase also protects .crypto domains

In addition to domains supported by unstoppable domains, Coinbase Wallet also provides custody support for .crypto domains in the “collectibles” section of their app. The Gemini exchange founded by the Winklevoss twins also introduced custody of the .crypto domains on July 23.

Coinbase users can also register and manage domains using the decentralized Coinbase application browser (DApp). To send a transaction to a domain, Coinbase users have to praise their wallets in the DApp browser for unstoppable domains, Kam said.

Domain name providers are increasingly using blockchain technology. On July 21, the large domain registration Verisign acquired a blockchain patent to convert traditional domains into blockchain user addresses and enable interaction with other network participants. After the launch of Ethereum-based .crypto domains at the end of 2019, Unstoppable Domains has registered over 200,000 domains to date.

Do not stop reading:

Receive Breaking News !

Install
×
Enable Notifications    Ok No thanks