Shapeshift Introduces Privacy Focus with Zcash Shielded Transactions

Shapeshift, a multichain decentralized exchange aggregator and wallet, has announced support for shielded (private) transactions using the privacy-focused cryptocurrency Zcash. This move comes as part of a new initiative to boost privacy features for users. The company received $50,000 in grants from the Zcash Community Grants program to further development efforts related to this feature. According to the company’s announcement, offering true on-chain privacy for its users is a key priority.