Zcash has secured more support. This time, from TrustWallet, the Binance-owned crypto wallet.
In an official announcement, Trust Wallet makes it clear that the choice is not accidental. It states that Zcash is “a privacy-protecting, digital currency built on strong science.” And Trsutswallet aims to rebrand itself which is why it is focusing “on privacy projects as part of our larger mission to support leading cryptocurrencies.”
Viktor Radchenko, Trust Wallet’s founder, explained why he believes privacy is important.
“To us, privacy means having the power to make your own choices about how you represent yourself to the world. In today’s digital society, the fundamentals of privacy are distorted. A common misconception about privacy is that it’s about having something to hide.”
“Privacy is an inherent human right and should be maintained to preserve personal rights and dignity, which is why it is important for us to support as many privacy feature coins as possible.”
Josh Swihart, Vice President of Marketing and Business Development at the Zcash Company, praised Trust Wallet’s approach. And noted that it “is doing important work for driving the adoption of cryptocurrencies around the world.”
Zcash going strong
Deemed one of the easiest coins to mine in 2019, Zcash is certainly enjoying the spotlight. Coinbase Earn, a new section of the Coinbase site that remunerates you for carrying out various activities, has recently confirmed Zcash’s addition.
Besides, the company behind Zcash announced that it is no longer the Zcash Company. Now it is going to become the Electric Coin Company. The rationale is to better distinguish itself from both Zcash and its non-profit foundation.