London – Moonpay has introduced Moontags, a brand new characteristic designed to take away the complexity of sending and receiving cryptocurrency. As an alternative of counting on lengthy pockets addresses or choosing the proper blockchain, customers can now ship funds immediately to personalised tags.
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What’s Moontags?
Moontags acts like a social media deal with and acts as a singular identifier that permits MoonPay customers to ship or obtain ciphers instantly throughout supported blockchains. Every consumer is assigned a default Moontag after they join. This may be custom-made along with your title and profile picture.
From there, sending or requesting funds turns into an issue of looking for tags. There is no such thing as a danger of manually coming into pockets addresses, selecting a series, or sending it to the fallacious account.
“Whenever you switch crypto, you should not really feel like a technical course of. Moontags removes hypothesis from sending and receiving funds, and feels as pure and intuitive as your newest cost expertise.”
Ivan Soto-Wright, CEO and co-founder of MoonPay
Necessary options
Personalised Tags: All customers get a customizable distinctive Moontag with profile particulars.
Tokens, Chain: The sender will pay in a single cryptocurrency, and the recipient can obtain the requested token.
Human-centered design: Cryptographic transfers really feel like peer-to-peer funds as they’re up to date shortly and haven’t any copy of the handle.
International Attain: Constructed on MoonPay’s infrastructure, Moontags works anyplace on the earth and provides options to conventional cash switch providers similar to Sensible and Western Union.
Crypto has struggled with ease of use for a very long time. Pockets addresses, bridges and gasoline costs usually threaten on a regular basis customers. By changing these with a easy tag system, Moontags goals to decrease the barrier to entry and produce digital property nearer to mainstream adoption.
For worldwide customers, Moontags guarantees quicker and cheaper transfers. For Crypto natives, they remove the headache of managing a number of wallets and networks.
Get began
It takes only a few steps to make use of Moontags.
Log in to the MoonPay app (customers will routinely obtain the default tags).
Faucet Ship or Request to start the switch.
Seek for Moontag (similar to @marco) to seek out recipients.
Full the switch – use the choice so as to add private messages.
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With Moontags, MoonPay bets that the human-first class will speed up Crypto’s transition to on a regular basis life. By making transactions borderless, quicker and easy, the corporate hopes to inject crypto funds equal or greater than conventional digital banking instruments.
Moontags is now obtainable worldwide by the MoonPay app, except for sure cross-chain transfers in New York and the EEA.
