Goldman Sachs-backed fintech startup, Circle announced on Monday, 30th April that it is now supporting ZCash to list offerings for its investment app.
Circle supports privacy-focused cryptocurrency Zcash
Circle Invest, an online payment app, and a crypto wallet announce on its official blog post that it will be enabling Zcash to its platform. It was first launched during beta version in March – At initial point, Circle app supports Bitcoin, Bitcoin cash, Ethereum, Ethereum Classic and Litecoin, adding promise to support other altcoins – the recent confirmation of adding Zcash looks the company is attempting to its commitment. The users of Circle Invest allows to invest and purchase less than $1 with any service fees.
ZCash is a decentralized and open-source cryptocurrency with strong privacy. It allows shielded transactions to hide the sender, recipient, and value on the blockchain.
Circle Invest (@circleinvest) April 30, 2018:
“Hello, Zcash. A new coin just joined the Circle Invest family, and it’s available for you to buy right now”.
The Circle Invest’s Twitter post has greeted ZCash and said that its avail to buy right now.
The senior product manager at Circle, Rachel Mayer said:
“Our mission for Circle Invest is to democratize access to investing in crypto assets for every consumer. Making the wider breadth of assets available on Circle Invest will continue to be a part of this mission, and of course doing our best to ensure that we bring the crypto without the cryptic to everyone, anywhere”.
Moreover, the crypto invest app was first launched in March 2018. The company said when originally excluded the resident of US state of NY were able to access the app. But Mayer cited the other states like Wyoming, Minnesota, and Hawaii remains unavailable.
Although, Mayer declined to mention the purpose of choosing ZCash specifically. She said,
“Circle has an established working group dedicated to finding the best crypto assets for our customers. However, tokens on the platform must be “consistent with our regulatory licensure”.