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Usha Yadav
Jul 13, 2022
by Usha Yadav

MoonPay to Make Web3 Payments with Unstoppable Domains Partnership

MoonPay Unstoppable Domains

Table of contents

  1. Collaboration Will Improve Web3's Usability
  2. NFT Domains Are High in Demand
Unstoppable Domains has partnered with cryptocurrency payment company MoonPay for platform transactions using nonfungible token (NFT) domains. Through the partnership, customers of MoonPay can send and receive digital assets using their domain names instead of lengthy, complex wallet addresses.

Ivan Soto-Wright, the co-founder and CEO of MoonPay, stated in a statement that the alliance would make it simpler for consumers to enter the Web3 realm.

Soto-Wright claims that while MoonPay handles the front end of a user's journey, Unstoppable Domains improves the back end by eliminating the complicated characters and substituting customized NFT domains.

Collaboration Will Improve Web3's Usability

According to Sandy Carter, an executive of Unstoppable Domains, this collaboration will improve Web3's usability. Carter thinks that the streamlined experience that will arise from the partnership will be advantageous to both experienced and new crypto consumers. The NFT domains can be used to log into decentralized applications (DApps), wallets, and exchanges, in addition to payment transactions. Additionally, users can choose which information they want to grant websites and applications access to.

NFT Domains Are High in Demand

NFT domains are still in high demand, nonetheless. Ethereum Name Service registrations have increased by over 200 percent so far in July. The second-largest sale of the a.eth domain, "000. eth," for 300 Ether (ETH), or over $300,000 at the time of acquisition, sparked a surge in registration.

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MoonPay to Make Web3 Payments with Unstoppable Domains Partnership
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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