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Cake Wallet Integrates Zcash Shielded Addresses and NEAR Intents Swaps
Cake Wallet Integrates Zcash with Shielded Transactions
- Cake Wallet, a multichain crypto hot wallet, has added support for shielded Zcash with features enhancing privacy.
- Zcash integration includes autoshielding, rotating transparent addresses, background sync, and passphrase wallets.
- The wallet also supports NEAR Intents-powered swaps, enabling cross-chain transactions privately and efficiently.
- Seth for Privacy, Cake Wallet VP, emphasized the importance of providing top-tier privacy for Zcash users.
- Monero remains a leader in privacy coins by transaction volume and market position, currently ranking 11th on CoinMarketCap with a $13.21 billion capitalization, trading at $716.
- Zcash ranks 17th with a $6.9 billion market cap, trading at $418.
- Zcash's popularity coincides with governance disputes within its community.
