New Bitcoin Wallet Hides Addresses to Solve 'Terrible' User Experience

A new wallet aims to broaden the adoption of Bitcoin and cryptocurrencies but making their addresses easier to remember.

The service, dubbed Easypaysy, is the product of Spanish developer José Femenías Cañuelo and launched on Dec. 1.Dev: BTC addresses "Not for humans".

Cañuelo was irked by the complex nature of Bitcoin addresses, which are random collections of letters and numbers that are all but impossible to memorize.

In the official introduction to Easypaysy, he described Bitcoin's user experience, or UX, as "Terrible."

"Bitcoin addresses are really not meant for humans. Nobody should be forced to make or receive payments to a crypto-address, much as nobody expects you to navigate the world wide web just by using IP addresses," the description reads.

The wallet service works by offering three formats of so-called Bitcoin "Accounts" for users.

These are designed to be more user-friendly identifiers, to which others can send cryptocurrency funds instead of using actual BTC addresses.

Behind the mask, funds are delivered to BTC addresses as in a regular transaction, Cañuelo promising that no address is used more than once.

Commentators appeared taken by Easypaysy with well-known Bitcoin educator and developer Jimmy Song describing the concept as "Interesting."

With large numbers of Bitcoin users still trusting third parties to store their funds, a dedicated effort is underway to highlight the risk of not controlling one's own private keys.