Monero, the privacy crypto par excellence, will soon have its new top-level domain .xmr. This was made possible thanks to the partnership between Unstoppable Domains and Cake Wallet and will allow users of the wallet and Monero to send and receive XMR using simplified and readable domains.
Monero: Unstoppable Domains and Cake Wallet to launch the new .xmr domain
Unstoppable Domains, famous domain name provider, has partnered with the open-source wallet Cake Wallet, to launch the new domain for Monero: .xmr.
In practice, .xmr will be the top-level domain (TLD) that users of Cake Wallet and Monero will be able to use to easily send and receive XMR.
Such domains, like the most famous .eth of Ethereum, are simple and readable and replace the classic alphanumeric addresses of wallets, improving the user experience.
In the case of Monero, the privacy crypto par excellence, Cake Wallet will support .xmr usernames on its platform, through the simple wording: “username.xmr”.
This simplifies transactions in Cake Wallet and other supported platforms, reducing the risk of errors that cause a loss of funds.
Monero is known for its secure and anonymous transactions. Through advanced cryptography, Monero hides transaction details, such as the sender, recipient, and amount, ensuring that all transactions remain private and untraceable.
Monero and the new .xmr domain to facilitate XMR transactions
The new .xmr for Monero domain joins the already existing Unstoppable Domains such as .crypto, .nft, .wallet, .polygon, .dao, .zil, .blockchain, .pudgy, .bitcoin, and many others.
With the new TLD .xmr, users of Cake Wallet and Monero can create a digital identity supported by the ecosystem of over 865 integrated applications of Unstoppable Domains.
In this regard, Sandy Carter, Chief Operating Officer of Unstoppable Domains, said:
“The partnership between Unstoppable Domains and Cake Wallet goes beyond simplifying access to the blockchain: it is about providing Monero users with the privacy and security they expect, giving them greater control over their digital identities. With the .xmr domain, users can keep their financial interactions private and benefit from human-readable addresses that reduce errors in transactions. By bringing .xmr domains to Cake Wallet, we are enhancing privacy, usability, and control, specifically tailored for the Monero community.”
From today, therefore, with a single .xmr domain, users can manage activities and interactions on multiple blockchain networks, including Monero, and smart contract platforms like Solana, Bitcoin and EVM compatible chains (Ethereum Virtual Machine) and not.
Unstoppable Domains and Cake Wallet will study a strategy for applying for a branded generic top-level domain (gTLD) with ICANN (Internet Corporation for Assigned Names and Numbers) on the occasion of the next ICANN gTLD issuance.
Unstoppable Domains and the integration with MetaMask and the price of XMR
Speaking of Unstoppable Domains, in mid-October a launch took place for its integration with the MetaMask wallet to enable cross-chain resolution of its domains.
In practice, over 4 million users will be able to perform crypto transactions using readable domain names on 23 blockchains, simplifying interaction with wallets.
To succeed in this endeavor, MetaMask Snap has been introduced, the section where users will be able to use Unstoppable Domains directly on MetaMask.
Returning to Monero, however, the crypto rally post-Donald Trump’s victory in the US presidential elections, seems to have also influenced the trend of XMR.
At the time of writing, XMR is worth $164, definitely in a price pump compared to the $157 pre-elections. Not only that, in the last 24 hours, XMR has also exceeded the price of $168.
This result is still very far from the all-time high of XMR reached in May 2021 at $441.
