This new feature, available to users in the USA, simplifies and secures crypto transfers.
Streamlined Crypto Transfers with ENS on PayPal and Venmo
With ENS domain support, users can now send cryptocurrency using a human-readable ENS name instead of cumbersome wallet addresses. When you initiate a crypto transfer on PayPal or Venmo, simply enter the recipient’s ENS name.
The platform will automatically resolve this name to the correct wallet address, eliminating the need to copy and paste long, confusing strings of characters. This enhancement significantly reduces the risk of errors and ensures that your transactions are completed swiftly and accurately.
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The integration of ENS domains into PayPal and Venmo reflects a broader trend toward simplifying and securing digital transactions. By making it easier for users to send and receive crypto, this update opens up new possibilities for how people interact with digital assets. It also aligns with the growing adoption of blockchain technologies in everyday financial activities.
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In addition to ENS domain support, PayPal and Venmo have introduced a new Address Book feature. This allows users to save and manage their most frequently used ENS names and wallet addresses. With the Address Book, you can quickly access your saved contacts, making transfers even faster and more convenient.
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