Cake Pockets has launched a brand new function that means that you can buy reward playing cards and debit playing cards utilizing Zcash (ZEC) in safe transactions. This integration is completed by means of the applying’s inner service, Cake Pay.
In response to an announcement launched on Nov. 11, reward and debit card purchases could be made with “no change, no intermediaries, privateness solely, self-control, and outfitted by default.”
By doing so, customers can spend privacy-friendly cryptocurrencies on on a regular basis items and providers. with out disclosing monetary knowledge.
Cake Pockets permits the acquisition of any such card beginning in 2022, and as of this text, will probably be out there for buy with crypto belongings reminiscent of Monero (XRM) and Bitcoin (BTC).
What does “Shielded Zcash” imply and the way does it defend your transactions?
Zcash is a cryptocurrency community that gives two sorts of addresses: clear addresses and shielded addresses, much like Bitcoin.shielded, in English), They use an encryption approach often called. zk-snark (A concise and non-interactive information dialogue of zero informationor “zero-knowledge proof”).
Utilizing this system you possibly can validate transactions with out revealing your dataquantity to be despatched, supply handle and vacation spot handle, and many others. When operated with shielded With Zcash, your particulars are hidden within the blockchain, guaranteeing privateness by default.
With this replace, Cake Pockets supplies a direct, personal, and self-directed spending expertise. Solely customers have full management over their funds.
