Coinbase App Users Can Now Send Crypto Funds to “.eth” Wallet Addresses | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
On February 26, 2020, San Francisco-based cryptocurrency exchange Coinbase announced that it had added two new functionalities to its mobile app that enable users to send digital currencies using small and simple addresses instead of traditional long addresses.
Coinbase App Integrates Ethereum (ETH) Name Service
In a major upgrade for its app, U.S.-based digital currency exchange Coinbase recently announced that its app users will now be able to send and receive cryptocurrencies using easy ETH-based addresses which typically end with “.eth.”
The announcement reads in part:
“We’re also integrating the Ethereum Name Service (ENS), which means you can now send crypto to .eth addresses. ENS supports all the currencies currently supported by Coinbase Wallet. Optionally, you can purchase your own .eth address by visiting the ENS website in Wallet’s dApp browser.”
Further, the exchange announced that its users will now be able to transfer crypto funds using their usernames that begin with an @ symbol.
Sid-Coelho-Prabhu, Product Lead for Coinbase Wallet and Coinbase Commerce commented on the development, saying:
“We believe these improvements will make cryptocurrency much easier to use… Users can now easily send money to friends and business partners like they do with traditional payment apps, albeit globally and in crypto.”