At this time, Zashi CrossPay brings Zcash’s mathematically provable, best-in-class privateness to crypto funds throughout blockchains. Anybody holding shielded ZEC can now ship funds privately in any NEAR-supported cryptocurrency.
CrossPay is probably the most vital step but in Zashi’s mission to normalize personal funds.
The Downside:
Till now, sending crypto funds often meant giving up privateness. Hottest blockchains solely create an phantasm of privateness. Pockets addresses could appear like random strings, however they’re everlasting identifiers: all previous and future transactions will be traced and tied to pockets homeowners by blockchain surveillance corporations and anybody with entry to a free block explorer web site. Cost particulars (who paid whom, how a lot, and when) are saved publicly endlessly. That knowledge will be mixed with off-chain data (like trade data or IP addresses) to disclose your real-life identification and monetary conduct. That is harmful.
Zcashers have at all times understood the implications of utilizing different blockchains, but when they wanted to make a fee in a special cryptocurrency, they’d solely two choices:
Purchase the foreign money the recipient desires and transact on a public chain.
Or attempt to persuade the opposite individual to take shielded ZEC.
Neither possibility labored effectively. Shopping for the goal coin usually includes utilizing a centralized trade, offering private data, after which leaving a everlasting path on a public ledger to finish the fee. On the identical time, asking somebody to change to Zcash could be a heavy raise, particularly when the opposite aspect has mounted insurance policies on most well-liked cryptocurrencies, e.g. stablecoins.
The Answer: Zcash + Zashi + CrossPay
Zcash is a blockchain that provides cryptographically assured privateness. Zashi is a Zcash-powered self-custody pockets constructed by the privacy-obsessed builders of the Zcash protocol. We exit of our method to know as little as doable about Zashi customers and decrease metadata leakage.
With Zashi CrossPay, that very same privacy-first basis now powers funds throughout chains:
Direct, frictionless funds from shielded ZEC to any in style cryptocurrency. No want to the touch another app or trade.
Any cryptocurrency will be paid privately: stablecoins, BTC, ETH, SOL, or another NEAR-supported cryptocurrency. Your privateness is protected whatever the cryptocurrency your recipient prefers. Their decisions don’t should compromise your safety.
How It Works:
Open Zashi and click on the Pay button.
Select the cryptocurrency your recipient desires to obtain.
Enter the vacation spot pockets tackle and the goal token quantity, evaluate, and make sure.
Zashi and NEAR Intents will deal with the remainder: your shielded ZEC will probably be used to cowl the fee and charges, NEAR will swap your ZEC below the hood, and your recipient will obtain the precise quantity you indicated of their chosen cryptocurrency.
Observe: In case you’re new to Zashi, begin by downloading the app and funding it with ZEC. Use Zashi’s Coinbase integration to get ZEC in minutes utilizing a debit card (USA solely) or your Coinbase account.
This launch is a milestone for Zcash as its shielded expertise continues to increase past our group, defending anybody who desires to make a cryptocurrency fee with out compromising their privateness.
Welcome to the subsequent period of personal funds. Shields up, all people.
Pleased transacting.
