Introducing The .Wallet AllianceOct 05, 2021·Last updated on Oct 05, 2021
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Today, Unstoppable Domains and 32 of the world’s leading wallets, including 1inch, BRD Wallet, imToken, MyEtherWallet and Trust Wallet are joining forces as The .Wallet Alliance, an open collaboration across crypto wallets to simplify peer-to-peer crypto transactions and break down the silos that exist in traditional payment systems.
This new group of wallets, representing 40 million users, is teaming up to establish a new global standard for peer-to-peer crypto transactions using Unstoppable Domains’ simple, easily-readable .wallet Web3 Domains.
“The goal of crypto wallet providers is to make digital payments accessible for users of all levels. Standardizing crypto usernames across the ecosystem should be an industry-wide effort to usher in the masses,” said Adam Traidman, Co-founder and CEO of BRD. “BRD’s alliance with Unstoppable Domains is a win for the millions of current and future users who can now create a .wallet username and ditch the complexity of transacting in crypto.”
Simplifying Crypto Payments
Many users have experienced the frustration and inconvenience of having to copy / paste their wallet addresses and send initial test payments of 0.1 eth to make sure they entered the address correctly. With .wallet Web3 domain names, sending crypto becomes as simple as sending an email directly to friends, no matter which wallet provider they have. Users will now be able to enter easy-to-read username addresses such as YourName.wallet, Brad.wallet, JohnSnow.wallet instead of the complicated 26-42 alphanumeric wallet addresses they have today.
In the coming months, over 40 million wallet users from participating wallets, will be able to replace their lengthy alphanumeric wallet addresses with .wallet usernames, making it easier than ever to transfer 275+ cryptocurrencies and tokens globally.
To further expand access and adoption globally, many of these wallets will also begin to add the option for new and existing users to create a .wallet Web3 domain username directly from their wallets.
Building an Open Solution
Though traditional payment solutions have attempted to connect people around the world, they have done so using walled gardens, limiting access and choice for users. By collaborating with wallets from across the world as an open standard, .wallet is creating a global solution to address the largest pain point in crypto payments, simplifying the user experience.
“Unlike fiat payment apps that are closed off and limited by your location, Unstoppable Domains provides global, interoperable payments between hundreds of wallets, apps, and services. By establishing .wallet as the username of choice for peer-to-peer payments, this alliance of wallets is taking this unparalleled user experience a step further,” said Matthew Gould, Founder and CEO of Unstoppable Domains. “Simple usernames that work across all wallets globally take the fear and risk out of spending crypto. We’re excited to work with these 30+ wallets to make crypto transactions an everyday reality for millions, then billions of people and we invite other wallets to join our alliance.”
Much like how fiat payment app usernames made it easy to send USD, Unstoppable Domains’ .wallet usernames take the hassle and fear out of sending crypto. Through this collaboration, Unstoppable Domains and this alliance of wallets will work together to integrate support for .wallet extensions across additional wallet and exchange partners to accelerate decentralized peer-to-peer transactions.
“We are confident that this collaboration brings us closer to making wallets the standard for peer-to-peer crypto payments globally. Compared to traditional peer-to-peer payment platforms which are closed silos, Web3 domains give choice and power back to the people who can exchange money with confidence. With Unstoppable Domains' .wallet usernames, sending cryptocurrencies and tokens is just as easy as sending an email. I am also just super excited to use our new domain MEW.wallet” said MyEtherWallet CEO Kosala Hemachandra
Onboarding the Next Billion People to Crypto
This is the first step to creating a truly global, open payments network that works wherever users are around the world. The .Wallet Alliance is open to wallets, and requires just a simple integration to add support. If you’re a wallet or exchange interested in joining the .wallet Alliance, please apply at https://unstoppabledomains.com/app-submission
Today, MyEtherWallet, Trust Wallet, Cake Wallet, Bacoor, Moralis, Orchid and Xumm already support .wallet domains along with Unstoppable Domain’s 9 other domain endings and the remaining wallets will be adding support over the coming months.
“All crypto wallet providers share a similar goal to make instant digital payments simple and accessible for users of all levels. Collaborating on standardizing usernames across wallets brings us closer to achieving this goal. The alliance is a win for ioPay users, and for the millions of others who can now create a .wallet username” said Larry Pang, Head of Ecosystem at IoTeX
Already more than 100,000 .wallet Web3 Domains have been purchased by users worldwide. To learn more and secure your very own .wallet Web3 domain, visit www.unstoppabledomains.com/nft-domains/wallet
What is an Web3 Domain?
The .Wallet Alliance
The founding members of The .Wallet Alliance include: 1inch, ArcBlock (DID Wallet), Avalanche Wallet, Bacoor / HB Wallet, Birdchain, Bitcoin.com, Bitinka, BRD Wallet, Cake Wallet, Chipper Cash, CoinFlip, Digifox, Edge, Elastos Essentials, HASH Wallet, Frontier Wallet, imToken, IoTeX (ioPay wallet), Jobchain, Klever, Litewallet, Lobstr, Mercuryo, MyEtherWallet, Mysterium Network, Nimiq Wallet, OWNR Wallet, Portis Wallet, Throughbit , Trust Wallet, Wombat, Xumm