ENS Labs Celebrates PayPal and Venmo Integration Enabling 270 Million Users to Send Crypto via ENS Names

ENS, the governance token of the Ethereum Name Service project, surged 7.5% to $17.8 after PayPal and Venmo initiated support for Ethereum Name Service domains.

PayPal and Venmo users in the US can now send crypto assets using Ethereum Name Service (ENS) domains, aiming to simplify transfers and reduce the risk of mistakes.

The integration enables users to transfer crypto assets using simple ENS names instead of long, error-prone wallet addresses.

Functioning similarly to the Internet’s Domain Name Service (DNS), ENS employs a decentralized architecture powered by the security and transparency of the Ethereum blockchain.

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