Introduction

On April 20th, it was announced that the Ethereum domain name service ENS has reached a partnership with the encrypted payment platform MoonPay, which will allow users to use MoonPay to purchase. eth domain names in legal tender. （Blockworks）

ENS will allow users to use MoonPay to purchase. eth domain names in fiat currency

On April 20th, 2021, the cryptocurrency world was abuzz with the news that the Ethereum Name Service (ENS) had announced a partnership with MoonPay to allow users to purchase .eth domain names in legal tender. This exciting development has sparked a renewed interest in ENS, MoonPay, and Ethereum, and this article will explore this partnership in-depth.
# What is the Ethereum Name Service (ENS)?
The Ethereum Name Service (ENS) is a decentralized domain name service for Ethereum Wallet addresses, allowing people to assign easily remembered names to these long and complicated addresses. By using ENS, users can create easy-to-remember names such as “mywallet.eth” instead of trying to remember long alphanumeric strings.
# What is MoonPay?
MoonPay is a UK-based company that provides a service for purchasing cryptocurrency with fiat currency. Users can use their debit or credit card to buy cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
# The Partnership Between ENS and MoonPay
The partnership between ENS and MoonPay means that users can now buy .eth domain names using fiat currency. This is a significant development because previously, users needed to have cryptocurrency to purchase a .eth domain name. By partnering with MoonPay, ENS has made it easier for people to get involved with Ethereum and the decentralized domain name service.
# How to Buy .eth Domain Names with MoonPay
To purchase a .eth domain name with MoonPay, users need to follow these steps:
1. Go to the ENS Manager website and select “Register” in the top right corner.
2. Enter the name you wish to register, and select the length of the registration.
3. Click “Continue.”
4. Select the payment method – in this case, MoonPay.
5. Enter your billing information and click “Buy.”
6. Follow the instructions to complete the transaction.
# Benefits of the ENS and MoonPay Partnership
The partnership between ENS and MoonPay provides several benefits for users. Firstly, it removes the need for users to have cryptocurrency to register a .eth domain name. This makes it easier for people to get involved with the ENS service, which, in turn, helps to build the Ethereum ecosystem.
Secondly, by partnering with MoonPay, ENS has made the process of purchasing .eth domain names more accessible to people who are not familiar with the cryptocurrency world. This will help to encourage more people to use ENS and Ethereum, which, in turn, will drive innovation and development in the ecosystem.
# FAQs:
1. What is the benefit of registering a .eth domain name?
Ans: Registering a .eth domain name provides an easy-to-remember name for your Ethereum wallet address. This makes it easier for people to send you cryptocurrency and for you to remember your wallet address.
2. Do I need to have cryptocurrency to register a .eth domain name?
Ans: Previously, yes. But now, with the partnership between ENS and MoonPay, users can purchase .eth domain names using fiat currency.
3. Why is the partnership between ENS and MoonPay important?
Ans: The partnership between ENS and MoonPay is essential because it helps to make ENS and Ethereum more accessible to people who may not be familiar with the cryptocurrency world. This, in turn, will help to drive innovation and development in the ecosystem.
# Conclusion
The partnership between ENS and MoonPay is a significant development that will help to drive adoption and innovation in the Ethereum ecosystem. By making it easier for people to purchase .eth domain names using fiat currency, ENS has removed a significant barrier to entry for people looking to get involved with Ethereum. This partnership is an exciting development that will help to drive the cryptocurrency industry forward.