| Ethereum Name Service in PayPal and Venmo Integrated

Alright, folks, let's dive into the latest developments in the world of crypto payments. PayPal and Venmo have integrated the Ethereum Name Service (ENS) into their payment apps. So, buckle up and let's get into it.

## Crypto Payments via ENS: Ethereum Name Service Integrated into PayPal and Venmo

Crypto assets can now be sent quickly, easily, and securely. This is the core promise of the integration of the Ethereum Name Service (ENS) into PayPal and Venmo.

| PayPal Experiments in the Crypto Space

It's a significant step forward for global crypto adoption. PayPal and Venmo have integrated the Ethereum Name Service (ENS) into their payment apps, as announced by developer ENS Labs on X (formerly Twitter).

According to the announcement, users can now send crypto assets by simply entering the ENS name of the payment recipient. The app will then automatically assign the correct wallet address.

This eliminates the need to enter the usual alphanumeric addresses in the crypto space, thereby reducing the risk of errors. The old method has led to losses in the past.

Additionally, both apps will introduce a list of contacts to whom crypto is most frequently sent.

These features are currently only available in the USA, where PayPal and Venmo are used by nearly 270 million people. Whether and when this functionality will be available in Europe remains to be seen.

The integration led to a short-term increase in ENS by approximately 5 percent. At the time of writing, the Ethereum Name Service is trading at $17.06.

Meanwhile, more developers in the crypto space are trying to replace long addresses with short names. For example, Coinbase's L2 blockchain "Base" is doing this. You can read more about how this works here: Base names cause a boom on Coinbase Layer 2.

## The Bottom Line

So, there you have it, folks. PayPal and Venmo have integrated the Ethereum Name Service (ENS) into their payment apps, making it easier and safer to send crypto assets. Whether you're a seasoned crypto investor or just starting out, it's important to stay informed and stay vigilant.

Crypto is a wild and exciting world, but it's also a complex one. So, always do your own research, consult with professionals, and remember that what goes up can also come crashing down.

## Disclaimer

Alright, folks, before we wrap up, it's time for the obligatory disclaimer. This article is for entertainment and educational purposes only. It's not financial advice, and I'm not your financial advisor. Always do your own research and consult with a professional before making any investment decisions.

Crypto is a wild and unpredictable beast, and what goes up can just as easily come crashing back down. So, be smart, be cautious, and most importantly, have fun out there. After all, isn't that what life's all about?

Until next time, stay curious, stay informed, and keep your eyes on the prize. The world of finance is waiting, and it's a wild ride. So, buckle up and let's enjoy the journey together.

Happy investing, folks!

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