ENS Partners with MoonPay
Ethereum Name Service (ENS) is teaming up with MoonPay to simplify the process of purchasing and registering .eth domain names without needing Ethereum or a crypto wallet. The story was first reported by CoinDesk.
The Deets
- ENS and MoonPay working on collaboration
- Fiat on-ramp for .eth domain purchases
- Bypasses need for Ethereum and crypto wallet
- Simplifies process for non-tech-savvy users
❗Why It Matters
This is one step closer to simplifying the onboarding into Web3 and making the world of Web3 more accessible to a broader audience. By eliminating the need for Ethereum and a crypto wallet, ENS and MoonPay are lowering the barriers to entry, encouraging more people to participate in the decentralized web and the broader crypto ecosystem - something the promise of ENS names already provides.
🔜 What's Next
The groups are actively working on the fiat on-ramp, which does not have a scheduled release date.
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