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Domain Outlet starts accepting crypto-payments for domain purchases

Domain Name for Sale

Thousands of high-quality domains listed at wholesale prices here at Domain Outlet can now be purchased using selected stablecoins, starting with USDT. To secure the transactions, the payments will be processed by a trust-minimized smart contract-powered escrow protocol Unicrow.

One of the main advantages of using cryptocurrencies is in their permissionless and global nature. Unicrow extends this advantage to Domain Outlet users by allowing buyers to deposit the funds instantly from any part of the world with no additional permissions or onboarding requirements. Thanks to the possibility to use stablecoins, it delivers these benefits even without any volatility risk.

However, the irreversibility of crypto-payments can be considered undesirable under certain circumstances including domain trading. Unicrow addresses this by holding the payment securely in a non-custodial, immutable smart contract until the domains are transferred to the buyers.

This integration also allows DomainOutlet to move towards its long-term goal which is facilitating sales for 3rd party sellers, because Unicrow is designed for specifically such use-cases. The protocol will allow the payments between buyers and sellers to be processed directly and in a non-custodial fashion while enabling DomainOutlet to guarantee that the trades are being conducted fairly.

Unicrow runs on Ethereum’s Layer-2 Arbitrum. For those unfamiliar with Arbitrum or web3 in general, read our step-by-step guide including a brief introduction to basic web3 concepts:

With thousands of high-quality domain names at unbeatable prices, DomainOutlet is already the go-to place for the best domain deals. The integration with Unicrow represents a new leap in its evolution towards more convenience for sophisticated domainers.

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