At present, 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 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 might seem like random strings, however they’re everlasting identifiers: all previous and future transactions might be traced and tied to pockets homeowners by blockchain surveillance firms and anybody with entry to a free block explorer web site. Fee particulars (who paid whom, how a lot, and when) are saved publicly eternally. That information might 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 cost in a unique cryptocurrency, that they had 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 choice labored properly. 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 cost. On the similar time, asking somebody to change to Zcash could be a heavy raise, particularly when the opposite facet has fastened insurance policies on most popular cryptocurrencies, e.g. stablecoins.
The Resolution: 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 fashionable cryptocurrency. No want to the touch another app or trade.
Any cryptocurrency might 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 must 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 deal with and the goal token quantity, assessment, and make sure.
Zashi and NEAR Intents will deal with the remainder: your shielded ZEC might be used to cowl the cost and charges, NEAR will swap your ZEC underneath the hood, and your recipient will obtain the precise quantity you indicated of their chosen cryptocurrency.
Be aware: In the event 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 group, defending anybody who desires to make a cryptocurrency cost with out compromising their privateness.
Welcome to the following period of personal funds. Shields up, all people.
Blissful transacting.
