criptare password in MD5

[Lino80]

Username: '.$_REQUEST['email'].'
Password: '.$password;
 //mail member
  @mail($_REQUEST['email'],'Member Registration',$message,'From:'.$settings['email']);
  $mailmessage = '<div align=center class="pageSubTitle">Username and Password sent to '.$_REQUEST['email'].'</div>';
  @mail($settings['email'],'How did you hear about us',$_REQUEST['hear_about'],'From:'.$settings['email']);
  $insertSQL = sprintf("INSERT INTO members (name, address, city, `state`, zip, active, email, password, phone) VALUES (%s, %s, %s, %s, %s, %s, %s, '".md5($password)."', %s)",
                       GetSQLValueString($_POST['name'], "text"),
                       GetSQLValueString($_POST['address'], "text"),
                       GetSQLValueString($_POST['city'], "text"),
                       GetSQLValueString($_POST['state'], "text"),
                       GetSQLValueString($_POST['zip'], "text"),
                       GetSQLValueString($_POST['active'], "text"),
                       GetSQLValueString($_POST['email'], "text"),
                       GetSQLValueString($password, "text"), 

mod:

VALUES (%s, %s, %s, %s, %s, %s, %s, '".md5($password)."', %s)" 

così va bene?