Zcash announces the release of the Zashi mobile crypto wallet

The app will be available on iOS and Android devices

15.03.2024 - 10:40

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What’s new? Electric Coin Company (ECC), the company behind the development of the anonymous cryptocurrency Zcash (ZEC), has announced the release of the Zashi mobile crypto wallet for iOS and Android. For iPhone users, the app is already available for pre-order in the App Store marketplace. When you order it, the Zashi wallet will be automatically downloaded to your device after its release in the App Store.

Announcement on the Zcash forum

What else is known? The iOS app is expected to be released at the end of this month, the Android wallet will be available in about 30 days. Zashi is designed exclusively for ZEC, it allows you to send, receive, and store the asset while keeping transactions and message history private.

Version 1.0 includes support for unified addresses, a secure Orchard pool, and a Spend Before Sync feature. This feature is necessary in case a user has an existing wallet that they have not used for a while and needs to spend their old funds without waiting for the wallet to synchronize.

In addition, the version allows for feedback from the developers, which will give faster access to additional features.

Zcash founder announces his resignation from Electric Coin CEO post

Josh Swihart, the firm’s senior vice president of development, took his place

Also this month, Brave’s privacy web browser team announced the introduction of additional privacy-enhancing features to Brave Wallet in partnership with Zcash and the Filecoin Foundation.

Earlier, ZEC was delisted by global exchange OKX and Binance units in several EU countries due to local legal requirements. Later, Binance allowed a full delisting of the coin due to its non-compliance with the criteria, in connection with which the Zcash community, considering the removal from the platform inevitable, proposed to abandon the transparent pool, which allows for public transactions.

At the time of writing, Zcash ranks 187th in the cryptocurrency ranking with a capitalization of $461,2 million and is trading at $31,25, having lost 9,9% overnight. At the same time, the growth since the beginning of the year amounted to 14,63%.

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