Leading cryptocurrency platform Crypto.com has partnered with the Open Payment Coalition for access to its universal payment identifier, PayID, to unveil a new feature that allows users to send and receive crypto easier.
Crypto.com, who disclosed this announcement via an official blog post, stated that the integration with PayID would enable its users to register for a PayID from the Crypto.com app.
🔔 Early Access Launches Today 🔔
😎 Own your unique https://t.co/vCNztABJoG PayID
& replace multiple complicated wallet addresses
— Crypto.com (@cryptocom) October 20, 2020
According to the announcement, the integration will unveil a new initiative that would consolidate complex wallet addresses by providing users with a simple ID that can be used across all payment networks.
The crypto platform, which recently celebrated achieving the benchmark of having five million users, noted that the initiative would tackle the issue of complex wallet addresses, which the platform noted is an issue for crypto adoption growth due to the possibility of transaction errors.
The statement reads, “Users who register for their unique PayID will get an exclusive Crypto.com-branded, easy-to-read ID. That enables users