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Ethereum Name Service (ENS), the decentralized-Web3 naming protocol, has announced a new partnership with MoonPay, which will allow users to register ENS domain names using their normal fiat currency using credit cards.
This move is aimed at increasing accessibility for non-crypto users and promoting wider adoption of blockchain technology.
MoonPay Enables Fiat Payments for ENS Domain Names
MoonPay is a leading fiat-to-crypto payment provider, and the partnership will enable users to purchase ENS domain names using a wide range of fiat currencies, including USD, EUR, GBP, and AUD.
This will eliminate the need for users to first purchase cryptocurrencies like Ether (ETH) before registering an ENS domain name, although users will still need an Ether-address to receive the ENS name to.
The new ENS Manager App allows you to register ENS names with your credit or debit card via @moonpay! 🔥
Check it out at https://t.co/HyFcNRmmj0 pic.twitter.com/EULNqrohrR
— sadaf.eth (@sadaf_eth) April 20, 2023
MoonPay’s user-friendly platform for purchasing crypto with fiat currency makes it an ideal partner for ENS. The integration will provide a seamless on-ramp for users new to Ethereum, ENS and Blockchain-Web3 technology.
The partnership between Ethereum Name Service and MoonPay has multiple benefits. First, it is expected to “streamline the process of registering ENS names“. Also, this will simplify the accounting for businesses and users, reducing the need for converting currencies and calculating exchanges rates. All of the coming benefits will help in making ENS and Web3 more accessible for new users, whom are initially entering the Web3 ecosystem.
ENS Partnership with MoonPay to Boost User Base
This partnership comes at a time when the ENS is experiencing significant growth, with more and more users registering ENS domain names for their Ethereum wallets and decentralized applications. The ENS allows users to create human-readable names for their Ethereum addresses, making it easier to send and receive payments and interact with decentralized applications.
The integration with MoonPay is expected to significantly boost the ENS’s user base, as it makes it easier for new users to register domain names without needing to navigate the complexities of buying and transferring cryptocurrencies.
With excitement, I can’t help but to see the partnership between Ethereum Name Service and MoonPay as a significant step towards making blockchain technology more accessible to wider audiences. Enabling fiat payments for ENS domain name registrations is very helpful for new users, and the partnership will simplify the onboarding process for new users, and promote wider adoption of the Ethereum ecosystem. As the ENS continues to grow in popularity, this partnership will be reflected as key step in Web3 history and its future success.
