- PayPal and Venmo have integrated Ethereum Name Service (ENS), allowing U.S. users to send crypto payments using ENS names instead of complex wallet addresses.
- This integration simplifies transactions and reduces the risk of errors when sending crypto.
PayPal and Venmo users in the U.S. can now send crypto payments using Ethereum Name Service (ENS) names, simplifying how users interact with digital assets on these platforms. ENS Labs announced this new integration in a press release, highlighting its ability to streamline wallet address management and reduce errors in transactions.
Previously, users had to manually input long wallet addresses or scan QR codes to complete transactions. With the addition of ENS, users can now enter an ENS name directly into PayPal or Venmo, which will automatically retrieve and verify the associated wallet address. This feature aims to eliminate friction and the risk of sending funds to incorrect recipients.
"We are excited to bring ENS’ naming capabilities directly into the hands of millions of users through Venmo, PayPal Mobile, and PayPal Web," said Khori Whittaker, Executive Director of ENS Labs. "As digital assets become more mainstream, our goal is to ensure managing those assets is intuitive and user-friendly."
This integration is part of PayPal and Venmo’s continued expansion into the crypto space. Earlier this year, PayPal introduced MoonPay for crypto purchases and launched the PYUSD stablecoin on Venmo, allowing users to transfer stablecoins between platforms.
"By bringing ENS to platforms they already know and trust, we’re making it easier for users to navigate the complexities of cryptocurrencies," added Marta Cura, Director of Business Development at ENS Labs.
PayPal and Venmo first began supporting cryptocurrencies in 2021, further cementing their role in the evolving digital economy.
Edited by Harshajit Sarmah
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