ENS Labs has integrated Ethereum Name Service (ENS) with PayPal and Venmo, enabling users to transfer crypto using ENS names instead of complex addresses. The integration is currently available to US users, with PayPal and Venmo able to identify wallet addresses linked to ENS names, making crypto transfers more user-friendly. Following the announcement, the ENS token price increased by 4.5%, reaching US$17.4, though it remains down 44% from its peak in July 2024 and over 80% from its all-time high in 2021. ENS Labs, the developer behind Ethereum Name Service (ENS), has integrated its domain name solution with PayPal and Venmo, two of the biggest payment companies. According to an announcement on Tuesday. The integration allows users in the US to transfer crypto using their ENS names, such as "xyz.eth", rather than complex alphanumeric addresses. This simplifies the process and reduces the risk of sending funds to the wrong wallet. Related: Ethereum Reaches Its Lowest Price In 2024 As BTC and ETH ETF Inflows Drop to New Lows Both PayPal and Venmo can now identify the wallet address linked to an ENS name, making crypto transfers more user-friendly.