Monero Usernames Now Available on Unstoppable Domains
Decentralized domain name provider Unstoppable Domains has partnered with Cake Wallet to enable the trading of Monero usernames.
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Decentralized domain name provider Unstoppable Domains has partnered with Cake Wallet to enable the trading of Monero usernames.
The new domains, ending with .xmr, are meant to improve the blockchain user experience by allowing them to send and receive XMR coins using human-readable addresses.
Cake, a multichain wallet, will support the usernames on its platform. Domain owners can use their usernames to make transactions across different blockchains, including Bitcoin, Solana, Ethereum, and others.
Currently, prices for .xmr wallets start at $12 and can go up to over $1 million.
.xmr domains for purchase on Unstoppable Domains. Source: unstoppabledomains.com
In a press release by Unstoppable Domains, the platform’s Chief Operating Officer Sandy Carter mentioned:
With the .xmr domain, users can keep their financial interactions private and benefit from human-readable addresses that reduce transaction errors. By bringing .xmr domains to Cake Wallet, we're enhancing privacy, usability, and control, specifically tailored for the Monero community.
In addition to the newly-enabled .xmr domains, Unstoppable Domains also supports .bitcoin, .blockchain, .eth, .unstoppable, .wallet, .polygon, and other usernames.
Monero’s XMR native coin is a top privacy cryptocurrency. XMR was launched in April 2014 to offer users complete anonymity through technological solutions.
The coin, along with other privacy cryptocurrencies, faces regulatory pressures and is banned in several countries, including members of the European Union, South Korea, and Dubai.
Related: Ethereum Name Service. What is it and why is it so expensive?
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