Zashi Swaps: Decentralized On-Ramp is Live

Prepared to simply swap crypto for Zcash (ZEC) with out centralized exchanges? Zashi 2.4 is right here, bringing decentralized swaps powered by Close to Intents. Convert belongings like USDC, Bitcoin, or Solana into ZEC with just some clicks, then protect it for personal storage, all throughout the Zashi pockets.

Why This Issues

Shielded ZEC ensures your transactions keep non-public. However acquiring ZEC typically means utilizing centralized exchanges, which aren’t accessible to everybody and undesirable for a lot of. Zashi 2.4 modifications that utilizing a easy in-wallet swap. With decentralized swaps, you may trade any NEAR Intents-supported cryptocurrency for ZEC immediately, with out intermediaries. 

It is a piece of a bigger puzzle, of a imaginative and prescient first outlined by Josh Swihart in early 2024 after taking the ElectricCoinCo reins: a privacy-preserving monetary system that exists exterior the previous monetary system; adjoining to it, however unbiased of it. With every Zashi launch, that imaginative and prescient turns into extra actual. 

How It Works

Right here’s the right way to swap crypto for ZEC in Zashi 2.4:

Open Zashi and faucet Extra → Swap.
Select your supply crypto (e.g., BTC, USDC) and enter the quantity.
Present a refund deal with (the pockets deal with the place funds return if the swap fails).
Assessment the quote and make sure.
Scan the QR code along with your exterior pockets holding the supply crypto.
Full the transaction in your exterior pockets.
As soon as the clear ZEC arrives, observe the in-app immediate to protect it for privateness.

Additionally in This Launch:

Mempool Detection

Zashi 2.4 now reveals incoming ZEC transactions immediately once they hit the mempool (the community’s transaction queue awaiting affirmation). No extra ready over a minute for mined transactions to seem.

What it means: See funds as quickly as they’re broadcast.

Observe: Transactions nonetheless want mining to finalize, and there’s a small likelihood they might drop from the mempool (e.g., resulting from community points), however you’ll know they’re on the best way.

Zashi-Coinbase Integration Disabled 

We’re quickly disabling the Coinbase on-ramp. The trade has launched a brand new session token authentication requirement that raises privateness considerations and isn’t suitable with Zashi’s structure.

This makes our new decentralized on-ramp all of the extra well timed, reminding us why it’s essential to have the ability to fund Zashi with out counting on centralized exchanges.

This launch removes one other dependency on the previous system, strengthening the groundwork for a brand new one with out gatekeepers. Unstoppable non-public cash wants unbiased rails, and Zashi retains constructing them.

Keep shielded.