Unstoppable Domains Helps MoonPay Adopt Web3-Based Payments

Users will also be able to connect to dApps by utilizing NFT domains.

MoonPay, a Miami-based fintech firm launched in 2019, has recently announced its partnership with Unstoppable Domains that will bring Moonpay users more accessibility to the Web3 world.

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According to the official announcement, from now on, users of the platform won’t have to remember their 26+ characters-long wallet addresses, as they will be able to send and receive crypto through non-fungible token (NFT) domain names.

The partnership between the two crypto giants dictates that Unstoppable Domains will be mainly responsible for getting rid of the complex characters and changing them with new NFT domains.

Sandy Carter, senior vice president, and channel chief at Unstoppable Domains, noted that even the experienced players in the crypto ecosystem will be able to benefit from the much simpler process of sending and receiving digital assets. 

As stated in the report, by using NFT domains, users will also have the opportunity to connect to decentralized applications (dApps) as well. 

MoonPay, founded by entrepreneurs Ivan Soto-Wright and Victor Faramond, is a company providing payment solutions for over 80 digital assets and driving crypto adoption around the globe. Last year, the company raised $555M in a Series A funding round, arriving at a $3.4B valuation.

Earlier in June, MoonPay fired up a brand new “self-service, developer-focused” non-fungible token (NFT) platform HyperMint. The groundbreaking crypto payment firm noted that its new initiative will allow numerous companies to operate, build, and mint hundreds of millions of NFTs.

Gyth L. - Crypto Analyst

by Gyth L. – Crypto Analyst, BitDegree

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