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Zcash Transactions Become Available Through Cash App and PayPal

NEAR Intents handles cross-chain requests, while a separate Zakura proposal would limit what a public swap address exposes about incoming payments.

An unmarked coin rests between two smartphone payment screens / TokenPost.ai
An unmarked coin rests between two smartphone payment screens / TokenPost.ai

Zcash (ZEC) users can now transact through Cash App and PayPal using NEAR Intents, connecting the privacy-focused cryptocurrency to the apps through a cross-chain payment system.

NEAR Intents handles requests across blockchain networks. Users name an asset and amount; solvers and bridge infrastructure find a route, carry out the swap and settle it between networks.

Zakura has separately proposed a wallet change for per-swap keys for Zcash swaps on NEAR Intents. Under the proposal, each swap address would use its own incoming viewing key, so a compromise involving one address would expose payment information tied to that address while leaving the account’s spending key unchanged. It would not require a Zcash network upgrade.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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