According to a press release shared with CoinDesk, users can now use their ENS names when transferring crypto on those platforms, allowing them to reduce the risk of transferring their assets to the wrong crypto addresses.
"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.
ENS provides Ethereum users a name, like 'xyz.eth,' instead of the long alphanumeric blockchain address associated with their crypto wallets, aiming to make the user experience of sending cryptocurrencies more seamless.
The news could signal a renewed interest from traditional payment platforms in cryptocurrencies and blockchain technologies.
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