In a cutting-edge integration, Unstoppable Domains has announced that it will be integrating with untraceable Monero through its stealthy Cake Wallet service.
Unstoppable Domains is a company that aims to revolutionise decentralised domain ownership by allowing users to create website domains that are immutably minted onto Non-Fungible Tokens (NFTs).
This allows cryptocurrencies to be frictionlessly transferred using simple domain names instead of complex alphanumerical addresses – a service now available for Cake Wallet’s 150,000+ users, opening the door to the easy transfer of Monero (XMR), Bitcoin (BTC), and Litecoin (LTC) across more than 50+ wallets services and crypto exchanges.
To highlight, traditional cryptocurrency transactions requires entering the recipient’s alphanumeric wallet address.
But if a person mistypes or miscopies a wallet address, those funds can be lost forever.
Now, instead of “156i6HJfMWb1h2BEsKpfvZ2tQugqo4vs2w,” users can simply type “[YourName].crypto” to send money to others or transfer it between accounts.
Brad Kam, the Co-Founder of Unstoppable Domains, was keen to highlight the rapidly growing and privacy focused Monero community as an ideal target of Unstoppable Domain’s integration efforts.
“We’re pleased to add Cake Wallet to the vast and growing number of wallets and exchanges that Unstoppable Domains supports,” said Brad Kam.
“Monero and Cake Wallet have a robust, privacy-focused global community, and now they can easily connect their blockchain domain name to make private crypto transactions as simple as sending an email.”
Unstoppable Domains has already sold more than one million domain names, which are minted as NFTs on the Ethereum blockchain.
Along with sending and receiving funds, these NFT domains are used to create decentralised websites to publish content and access Web3.
Blockchain domains are quickly becoming the standard for crypto wallets, and interoperability is at the forefront of Unstoppable Domains’ mission.
And Cake Wallet CEO Vik Sharma lauded the two projects shared ambitions of delivering easy and adoptable cryptocurrency technology.
“Cake Wallet and Unstoppable Domains share a similar goal to make it easier for people to send and receive their crypto safely and seamlessly,” said Vik Sharma, CEO of Cake Wallet
“Through this integration, our users benefit from being able to transfer crypto between 50+ wallets and exchanges, all with one blockchain-based username.”
More crypto news and information
As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.