MetaMask and Binance add SPACE ID solution to simplify deposits

Metamask and Binance draw from a solution fueled by newly launched zero-knowledge evidence to simplify crypto transfers of decentralized exchanges to centralized exchanges.

Crypto exchange Binance and non -guardian wallet MetamasqueHeld by Consensys, will use Payment ID, a zkemail solution launched by ID ID Identity of Digital Identity.

While Metamask is already connected to the solution, integration with Binance will occur soon, Space ID has declared in a press release.

With the integration of the payment ID, users can transfer assets between CEX platforms and web3 applications, with those activated for any address, channel or wallet. Space ID claims that its solution makes transfers of transverse crypto as simple as the use of Revolt or Venmo.

“The sending of the crypto should be easier than traditional financial rails, not more difficult. With the payment identifier, we finally found a solution to this problem, and it’s simple. An identifier for each address, chain and wallet. It is as simple as Revolut or Venmo, and this is what is necessary to bring traditional users into the web3 and keep them in the long term, “said Harrison Séletsky, director of commercial development on space identification.

The payment ID allows transfers of crypto exchange such as Binance because they offer simple and readable payment identifiers.

You can create an ID with your Gmail or Yahoo account. The cartographies to deposit addresses allows users to avoid losses that come up against millions of dollars due to check errors, phishing scams and deposits in the wrong chain.

Christian Montoya, leader of the network expansion product in Metamask, said:

“Web3 is to make payments easier, but complex blockchain addresses are annoying.

In addition to the integration of the binance to come, Space ID looks at other top Cexs and Web3 wallets.

The identity solutions of the platform through the ecosystem include more than 6.7 million registered areas and more than 2.7 million owners. He supports Ethereum, BNB Chain, Arbitrum and Story Protocol among other channels.