ZCash (ZEC) is one of the cryptos that has stayed in the green during a flash sell-off plaguing the market over the last two days.
Zcash informed followers that it is focusing on the US and Asia, with a specific focus on the Japanese, South Korean, Singaporean and Hong Kong markets in Asia. There will be some engagement with Indonesia, Malaysia, Thailand, and the Philippines as well.
The team will also research the product market fit for Zcash to be used as a Medium of Exchange (MoE), with Latin America and the US as primary targets.
Furthermore Zcash announced today that Galaxy Digital, a diversified merchant bank founded by Mike Novogratz, has begun OTC (over-the-counter) trading and two-sided liquidity solutions of Zcash.
Yoshi Nakamura, Global Head of Sales for Galaxy, added, “Galaxy Digital Trading is excited to welcome Zcash into its list of tokens that we trade OTC. We look forward to the continued development of a blockchain/token ecosystem that is fundamentally changing the world.”
We are excited to announce that Galaxy Digital has begun OTC trading and two-sided liquidity solutions of Zcash. Galaxy joins other OTC firms in trading Zcash including Circle Trade, Cumberland and Genesis Trading. https://t.co/ep2di8Unzf
— Zcash Company (@zcashco) January 10, 2019
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ZCash (ZEC) has now gives users the opportunity to withdraw their funds in private. Bitcoin and other big name coins do not offer this level of privacy and do not seem to be moving in that direction, maybe for fear of regulation. The admin of Zcash maintain that continued upgrades of its protocol will eventually lead to “privacy-by-default” in cryptocurrency transactions. After the “Sapling” upgrade, shielded transactions are now faster and lighter. An added bonus of the upgrade is that transaction information can be accessed without exposing a private key.
Currently, most Zcash transaction use transparent addresses that function in the same way as Bitcoin. This is largely due to the computational cost of proving that shielded transactions are valid. With Sapling, we move one (giant) step closer toward the ubiquity of shielded addresses.”