Web3 users can now register .eth domains with fiat options

Web3 users can now register decentralized .eth domains on the Ethereum Name Service (ENS) protocol using a host of fiat payment options, thanks to a new partnership with MoonPay. The ENS protocol previously only allowed domain registrations through cryptocurrency wallets with Ether (ETH), which was cited as a barrier to entry for prospective Web3 users.

The ENS protocol has launched a new fiat on-ramp for domain registrations through MoonPay on April 20, integrating MoonPay’s service into the ENS website. This will allow users to purchase .eth domains using fiat options such as Apple Pay, Google Pay, as well as debit and credit cards.

In addition to the new payment options, ENS has also launched version 3 of its user interface to streamline sign-ups. This will eliminate the need for multiple transaction approvals previously required with cryptocurrency wallets, making the registration process more user-friendly for new and less experienced users.

According to Brantly Millegan, the ENS lead:

“This allows us to reach those who are either just entering the space or who are not yet comfortable with transacting and would prefer to use the currency and payment form they understand best.”

This is a significant step forward for the ENS protocol and the Web3 ecosystem as a whole, as it removes a major barrier to entry for prospective users who may be unfamiliar or uncomfortable with cryptocurrency wallets and Ether.

The upgraded ENS platform is also aimed at expanding its usability beyond its primary use-case of creating human-readable names for wallets to replace numerical addresses typically generated by wallet service providers, platforms, and blockchain protocols.

With the ability to use names to host censorship-resistant websites, ENS has positioned itself as a key player in the fight for decentralization and freedom of speech on the internet. This will allow ENS users to link their .eth domains to conventional domain name service (DNS) addresses already in use, ensuring that their websites remain accessible even in the face of censorship attempts.

Overall, the integration of MoonPay’s fiat payment gateway and the upgrade of the ENS user interface mark a significant milestone in the development of the Web3 ecosystem, making it more accessible and user-friendly for a wider audience. With the ability to use fiat options for domain registrations and host censorship-resistant websites, the ENS protocol is set to become a key infrastructure for the decentralized internet of the future.


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Trust Wallet Partners with Ramp and MoonPay for Crypto-to-Fiat Withdrawals

Trust Wallet, the official cryptocurrency wallet of Binance, has announced a new partnership with Ramp and MoonPay. This partnership will introduce a new feature that enables Trust Wallet users to convert their cryptocurrency holdings to fiat currencies directly within the app.

The feature is a major development for Trust Wallet users as it eliminates the need for them to transfer their funds to a centralized wallet before they can convert their holdings to fiat. With this new functionality, users can enter and exit the cryptocurrency market entirely through their self-custody wallet, giving them complete control over their cryptocurrency funds.

Trust Wallet’s head of product, Eric Chang, emphasized that the new feature will be a boon for customers, especially during a time when the market is turbulent and crypto platforms are under heavy scrutiny over managing customers’ funds.

The partnership with Ramp and MoonPay comes as several centralized exchanges and even peer-to-peer platforms are shutting down. The latest to announce its closure is Paxful, a popular P2P global exchange that cited regulatory challenges and staff shortages as reasons for its closure.

Trust Wallet offers access to 65 different blockchains and boasts a customer base of 60 million users. In addition to crypto-to-fiat withdrawals, Trust Wallet also provides access to decentralized applications (DApps), enabling users to communicate with DApps on any supported blockchain. Its features include buying, staking, trading, and storing various cryptocurrencies.

It is worth noting, however, that Trust Wallet is not a cold wallet or hardware wallet. As long as there is an internet connection, Trust Wallet functions as a hot wallet and can be accessed via a secure connection online. While this feature was intended to help users, it proved to be a disaster for the co-founder of the Web3 metaverse game engine “Webaverse,” who lost $4 million from his Trust Wallet.

In conclusion, the partnership between Trust Wallet, Ramp, and MoonPay represents a significant step forward for Trust Wallet users. The new feature makes it easier and more convenient for users to convert their cryptocurrency holdings to fiat, without having to go through the hassle of transferring funds to a centralized wallet. While Trust Wallet is not a cold wallet, it remains a popular choice for many crypto enthusiasts who want to manage their cryptocurrency holdings independently.


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MetaMask Enables Direct Bank Transfers for Crypto Purchases in Nigeria

In a move that aims to make self-custody cryptocurrency purchases more accessible in Nigeria, MetaMask has partnered with MoonPay to expand direct on-ramps with local banks. ConsenSys, the parent firm of MetaMask, announced the integration on March 21, allowing users in Nigeria to purchase crypto via instant bank transfers. This new feature is available within the MetaMask mobile and Portfolio DApp, significantly simplifying the process of buying crypto without using credit or debit cards in Nigeria.

Previously, MoonPay had a card integration feature, but about 90% of attempts to buy crypto with a credit or debit card were declined, according to Santos, a MetaMask spokesperson. With the new integration supporting local bank transfers, crypto purchases on MetaMask are now faster and cheaper, allowing users to access crypto without sending assets from a centralized exchange.

Despite the current issues with crypto on-ramps in Nigeria, the country has emerged as a major market for MetaMask, ranking third in mobile monthly active users. It is also among the top ten countries in terms of visitors to metamask.io over the last month, Santos added. Nigeria is one of the world’s top 20 ranked countries in cryptocurrency adoption, according to the Chainalysis 2022 Global Crypto Adoption Index. Some reports suggest that 35% of the Nigerian population aged 18 to 60 owned or traded cryptocurrencies in 2022.

This high level of adoption is despite the Central Bank of Nigeria banning banks from servicing crypto exchanges in February 2021. However, in December 2022, local media reported that the Nigerian government was preparing to pass a law recognizing the usage of Bitcoin (BTC) and other cryptocurrencies to keep up to date with “global practices.” This move, coupled with the new integration between MetaMask and MoonPay, may signal a growing acceptance of cryptocurrencies in Nigeria.

It is important to note that Nigeria’s cryptocurrency market faces challenges such as a lack of regulatory clarity and security concerns. However, the partnership between MetaMask and MoonPay provides a viable solution for those seeking to invest in crypto without the use of credit or debit cards. As the adoption of cryptocurrencies continues to grow in Nigeria and other countries around the world, we may see further innovations aimed at increasing accessibility and usability.


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Unstoppable Domains Pairs with MoonPay to Optimise Crypto Payments

Non-fungible tokens (NFT) domain name provider Unstoppable Domains is introducing an easier way for users to buy cryptocurrencies on MoonPay, one of the leading infrastructure service providers in the Web3.0 ecosystem.


Losses due to sending funds to the wrong addresses are almost impossible to recover, and native wallet addresses predispose users to a lot of security risks. The partnership between MoonPay and Unstoppable Domains will resolve this avoidable dilemma and make onboard mass users into the Web3.0 space more realistic.

Per the details of the partnership between Unstoppable Domains and MoonPay, clients will be able to use their customized domain names as a wallet when buying assets on the platform.

Rather than the complicated crypto wallet that many crypto traders are used to, a simple ‘.crypto’ domain can easily be deployed in the MoonPay buying flow.

“MoonPay and Unstoppable Domains share a common mission to make it easier for everyone to onboard into the world of Web3,” said MoonPay co-founder and CEO Ivan Soto-Wright, adding that “MoonPay’s checkout product makes topping up crypto wallets with bank cards, Apple Pay, or Google Pay on the front-end smooth and intuitive. Unstoppable Domains streamlines the tail-end of the journey by removing complex strings of digits and characters for public wallet addresses and replacing them with custom domains.”

As a way to commemorate the new integration, Unstoppable Domains said it is giving all old and new MoonPay users a free $40 Domain name credit to help them get started.

“We’re thrilled to be adding MoonPay to our Unstoppable partner family and are excited to work together to make Web3 more intuitive,” said Sandy Carter, SVP of Business Development at Unstoppable Domains. “Whether someone is just starting out in Web3 or is a seasoned cryptopian, our partnership with MoonPay will make their experience simpler. 

The duo of Unstoppable Domains and MoonPay are known as core facilitators and advocates of a usable Web3.0 ecosystem and are channeling their funds, efforts, and products.

Image source: Shutterstock


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MoonPay Lands $750K World of Women NFT in Christie’s Auction

Digital currency payments startup, MoonPay, has come off as the lucky winner of an auction for a World of Women (WoW) Non-Fungible Token (NFT).


Reportedly, acting on behalf of a client, the WoW NFT #5672 was snapped up for £567,000 ($754,340) at the auction conducted at Christie’s London Evening Sale announced on Tuesday.

The WoW NFT is a collection of 10,000 unique digital drawings of women with various traits. The collection sought to celebrate women ad its community is dedicated to celebrating representation, inclusivity, and an equal opportunity for all. Based on the ideals that the WoW NFT stands for, the collection has been attracting high-profile sales in recent times.

As reported earlier by Blockchain.News, financial advisory services firm KPMG in Canada was amongst the prominent buyers that snapped up the WoW NFT in the past week. In justifying its reasons, the company said the values represented by the WoW NFT collection resonate with its broad tenets.

The floor price of the WoW NFT is currently pegged at 8.74ETH, with a total of over 54,000 ETH in volume sold thus far. The #5672 is one of the NFTs that has a rare trait, described as having a night goddess skin tone and a tuxedo with full black hair and a conspicuous reddish lip.

While it is unclear who the buyer MoonPay purchased for, the service rendered compliments its tailored services which it floated last year and described as a “White glove service for high net worth individuals who want to purchase NFTs most simply without all the hassle of setting up a wallet, buying crypto, using that crypto to purchase an NFT, and then taking custody of it.” 

The recent purchase by MoonPay generally echoes the building hype around NFTs, and apparently, more corporate investors are becoming more interested in becoming proud owners of a rare collectable.

Image source: Shutterstock


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Interview: Bringing The World To Bitcoin With Ivan Soto-Wright

Ivan Soto-Wright, CEO of Moonpay, joined the “Bitcoin Magazine Podcast” to discuss interoperability with the legacy system.

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On this episode of the “Bitcoin Magazine Podcast,” Christian Keroles sat down with Ivan Soto-Wright, the cofounder and CEO of Moonpay.

Moonpay is a bitcoin infrastructure company building out the interoperability between bitcoin and the legacy finance system. Moonpay is focused on making it as easy and cost effective as possible to purchase and hold bitcoin with as many payment providers and options as possible. The Moonpay API can be built directly into noncustodial bitcoin wallets so that users can buy and acquire bitcoin in a way that is completely custody free.

Soto-Wright told the story of how he got into Bitcoin and how and why he started Moonpay. Soto-Wright discussed why Moonpay is a mission-oriented company and how building around a mission is the best way to build an awesome and effective team. He is passionate about Bitcoin and cryptocurrency adoption as it gives people access to financial services that have never been afforded to them previously.

Lastly, the podcast highlighted the challenges in dealing with traditional finance and why bitcoin offers such a fantastic solution to all of the problems that currently inhibit the globe from successfully accessing financial infrastructure.


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