Two major US payment companies, PayPal and its subsidiary Venmo, have added Ethereum Name Service (ENS) support to their systems. Millions of users will now be able to send cryptocurrency to each other via ENS names.

In November 2020, PayPal and its subsidiary Venmo, which opened its cryptocurrency services to US customers in November 2020 and played a major role in the start of the bull season of the period, announced their support for ENS.

According to the statement made by ENS Labs, the company behind the Ethereum Name Service (ENS), US PayPal and Venmo users will now be able to send cryptocurrency to them by typing the recipient’s ENS name. The system will automatically recognise the ENS name.

The introduction of such features will also significantly reduce errors in crypto shipments. In general, in such transfers, either long addresses have to be written or a QR code has to be scanned manually.

Even fraudsters sometimes send some worthless cryptocurrencies to user wallets and take part in their transaction history. When the wallet owner sends money over the last transactions without looking at the entire address, he actually sends money to the fraudster who made that worthless transfer to him. Here, ENS-style short and simple solutions prevent big mistakes.

ENS Labs CEO Khori Whittaker said in a statement, ‘With such developments, we want to ensure that cryptocurrencies are mainstream and can be transferred more comfortably.’

ENS Labs also made an agreement with GoDaddy in February, allowing ENS addresses to integrate with ‘.com’ style web addresses.