Right now, 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 essentially the most important step but in Zashi’s mission to normalize non-public funds.
The Downside:
Till now, sending crypto funds normally meant giving up privateness. Hottest blockchains solely create an phantasm of privateness. Pockets addresses might seem like random strings, however they’re everlasting identifiers: all previous and future transactions could be traced and tied to pockets house owners by blockchain surveillance corporations and anybody with entry to a free block explorer website. Cost particulars (who paid whom, how a lot, and when) are saved publicly perpetually. That information could be mixed with off-chain data (like trade information or IP addresses) to disclose your real-life id 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 distinct cryptocurrency, that they had solely two choices:
Purchase the forex the recipient desires and transact on a public chain.
Or attempt to persuade the opposite particular person to take shielded ZEC.
Neither possibility labored properly. Shopping for the goal coin sometimes entails utilizing a centralized trade, offering private data, after which leaving a everlasting path on a public ledger to finish the fee. On the similar time, asking somebody to modify to Zcash generally is a heavy raise, particularly when the opposite aspect has fastened insurance policies on most popular cryptocurrencies, e.g. stablecoins.
The Answer: Zcash + Zashi + CrossPay
Zcash is a blockchain that gives 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 solution to know as little as potential about Zashi customers and reduce metadata leakage.
With Zashi CrossPay, that very same privacy-first basis now powers funds throughout chains:
Direct, frictionless funds from shielded ZEC to any common cryptocurrency. No want to the touch another app or trade.
Any cryptocurrency could 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 handle and the goal token quantity, evaluation, and ensure.
Zashi and NEAR Intents will deal with the remaining: your shielded ZEC might be used to cowl the fee and charges, NEAR will swap your ZEC beneath the hood, and your recipient will obtain the precise quantity you indicated of their chosen cryptocurrency.
Notice: When 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 know-how continues to increase past our neighborhood, 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.
