The Cake Pockets launched a brand new function that means that you can buy reward and debit playing cards utilizing Zcash (ZEC) with secured transactions. This integration is finished via Cake Pay, an inside service of the applying.
In keeping with the announcement printed on November 11, the acquisition of reward playing cards and debit playing cards might be finished “with out exchanges, with out intermediaries, solely privateness. Self-custody. Armored by default.
That means, customers can spend their privacy-focused cryptocurrencies on on a regular basis items and providers, with out exposing your monetary information.
Cake Pockets permits the acquisition of any such playing cards from 2022 and on the time of this notice they are often bought with crypto property comparable to monero (XRM), bitcoin (BTC), amongst others.
What does “Shielded Zcash” imply and the way does it shield transactions?
Zcash is a cryptocurrency community that provides two sorts of addresses: clear, much like Bitcoin, and shielded (shielded, in English), which They use cryptographic expertise referred to as zk-SNARK (Zero-Information Succinct Non-Interactive Argument of Informationor “zero-knowledge proofs”).
This method means that you can confirm a transaction with out revealing your infocomparable to the quantity transferred or the origin and vacation spot addresses. When an operation is carried out with shielded Zcash, the small print are hidden within the blockchain, making certain privateness by default.
With this replace, Cake Pockets offers a direct, personal and self-custodial spending expertise, the place solely the consumer maintains full management of their funds.
