RATE Group | Tim Draper Bets on New .Crypto Domain to Replace Wallet Addresses
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Tim Draper Bets on New .Crypto Domain to Replace Wallet Addresses

11 Oct Tim Draper Bets on New .Crypto Domain to Replace Wallet Addresses

Posted at 15:47h in Cryptocurrency News by

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Tim Draper-backed Unstoppable Domains has launched its new .crypto domain registry on the Ethereum blockchain. The registry allows users to connect any cryptocurrency address to their domain, enabling payments to be made using just the domain name, according to a press release published on Oct. 11.

Alleviating the need for length wallet addresses

To make a payment, one only needs to know the blockchain domain. This alleviates the need for copying and pasting unwieldy cryptocurrency wallet addresses. Unstoppable Domains believes that this simplifying of cryptocurrency payments will lead to more widespread adoption.

CEO, Matthew Gould stated:

“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.”

Multiple benefits of a .crypto domain

Aside from being used as a payment gateway, blockchain domains hold many benefits over their…

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