Social trading and eToro brokerage company added ZCash (ZEC) to its rich list of bids for cryptowatch – bringing the total number of these funds to 14.
Zcash is a privately-held crypto-privacy project, which is no different from Bitcoin (BTC). Both projects have a total fixed bid of 21 million.
Although the ZCash Blocks transactions are transparent, the option exists to use a form of zero-proof knowledge called zk-SNARKs – the Glory Project claim. However, this protective pool of coins is probably underused.
Zcash also provides the possibility of "selective detection", which means that the user can prove payment for revision. Basically, this allows privacy-focused individuals to comply with anti-money laundering and terrorist financing laws, in addition to tax laws.
Adding the main alto code brings eToro crypto offer to two more than a dozen – because the platform is currently offering Bitcoin, Ethereum (ETH), Bitcoin Cash (BCH), XRP (XRP), Litecoin (LTC), Ethereum Classic), Dash (DASH), stellar (XLM), NEO (NEO), EOS (EOS), Cardano (ADA), IOTA (MIOTA) and Binares coin (BNB).
Yoni Assia, co-founder and CEO of eToro, commented on a press release with a battalion:
The way we transfer money from person to person or company into a company is constantly evolving. It is not surprising that others have taken some of the key ideas behind Bitcoin and have developed new payment networks with additional features – in the case of Zcash – privacy. We are excited to offer Zero to eToro investors because they are trying to diversify their crypto-funds.
Users of eToroo, who want to get a piece of the entire platform code, can also get ZEC through their Crypto Portfolio function, which allows investors the opportunity to invest in all 14 crypto planets. This feature weighs every asset with market capitalization.
What do you think about adding eToro to Zcash? Let us know your thoughts in the comments below!
Pictures thanks to Shutterstock.
[Full Disclosure: eToro is one of Bitcoinist’s premium partners.]