MetaMask and Binance add SPACE ID solution to simplify deposits
To create a Payment ID, users simply need a Gmail or Yahoo Mail account, making the experience far easier than traditional crypto payment rails. SPACE ID utilizes a zkEmail solution, built on decentralized zero-knowledge (ZK) architecture, to improve the user experience
MetaMask and Binance are integrating a new cross-chain payments solution called Payment ID, powered by SPACE ID. This solution uses zero-knowledge proofs to simplify crypto transfers between decentralized exchanges and centralized exchanges. With Payment ID, users can transfer assets between platforms and web3 applications with ease, using a single, human-readable ID.
Key Benefits:
Simplifies cross-chain crypto transfers
Reduces the risk of copy-paste errors and phishing scams
Makes sending money as easy as sending an email
Supports multiple chains, including Ethereum, BNB Chain, and Arbitrum.
To create a Payment ID, users simply need a Gmail or Yahoo Mail account, making the experience far easier than traditional crypto payment rails. SPACE ID utilizes a zkEmail solution, built on decentralized zero-knowledge (ZK) architecture, to improve the user experience. This generates a ZK proof to enable email log-in for on-chain interactions while protecting user privacy.
