No More Lengthy Wallet Addresses – Send USDC to ‘username.coin’
3 d ago•1 min read•Altcoins
Users of USD Coin (USDC) can now send the stablecoin to simple wallet addresses employing an easy username instead of the jumble of alphanumeric characters currently associated with blockchain domains.
Circle, the principal operator of USDC, worked with blockchain domain name provider Unstoppable Domains to bring this facility to its users, with domains starting at $40. The collaboration is designed to bring increased simplicity and accessibility to USDC payments, with users able to exchange usernames followed by the .coin domain. As much as the crypto space grows, sending and receiving payments using a long sequence of random alphanumeric characters as an address could remain a barrier to some users, with fear of funds going astray. Being able to use a simple username akin to a Twitter or Instagram handle may help ease those concerns and uncertainty, and make sending crypto payments more like sending an email or a text. Users are prevented from co-opting recognized brands such as Apple or Google to ensure only the brand owner can claim that handle, Unstoppable Domains co-founder Brad Kam told CoinDesk.