MetaMask and Binance add SPACE ID solution to simplify deposits

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.