CandleFocus ENS rallies following integration on PayPal
2024-09-11
Author: Content Editor
ENS Labs, the team behind Ethereum Name Service (ENS), announced that it has integrated its naming service into PayPal and Venmo. This integration allows users to transfer cryptocurrency using a domain name instead of a wallet address, making transactions faster and simpler. Users can also store and revisit previous names through the Address Book feature. The ENS integration is currently available only to US users, and following the announcement, ENS saw a nearly 5% rally in its price and a 10% rise in open interest, indicating a bullish momentum in the market.
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