Apple Recognizes This Crypto As Legitimate Cryptocurrency
A new cryptocurrency snatches the heart of one of the world’s most popular cryptocurrencies!
Apple, one of leading companies worldwide shows its interest towards digital currencies. Apple is the world’s largest information technology company by revenue, the world’s largest technology company by total assets, and the world’s second-largest mobile phone manufacturer, by volume, after Samsung. And this world’s largest info-tech company starts accepting
Jaxx, the multi-cryptocurrency wallet platform which supports Bitcoin, Litecoin, Ethereum and Dash, has recently introduced Zcash support for mobile users on Apple’s iOS and Google’s Android platforms.
Apple’s rigorous and extensive approval process of iOS applications and updates is familiar to most developers.
In particular, Apple is sensitive toward services and applications targeted to serve users of cryptocurrencies and whichever cryptocurrency Apple perceives as unfit for its iOS ecosystem, app developers are not granted the permission to develop apps around it.
Rapid development of the Zcash ecosystem
In September of 2016, the Jaxx development team and the firm’s CEO Anthony Dilorio were requested by Apple to remove a privacy-focused cryptocurrency called Dash from its iOS application. The removal of Dash consequently reduced the financial privacy of Jaxx users on iOS.
Understanding the strict requirements and high standards of the Apple and iOS development teams, engineers of Jaxx and Zcash underwent a long development period to integrate Zcash into the Jaxx mobile application.
Developers of both companies collaborated to ensure that Zcash is approved and accepted by the Apple development team. Ultimately, Apple approved the integration of Zcash into Jaxx and accepted Zcash as a legitimate cryptocurrency built on top of proper cryptographic work and technology.
With the introduction of Zcash to hundreds of millions of iOS users, Dilorio reaffirmed the importance of financial privacy and the necessity of anonymity which Zcash offers. In an interview with Cointelegraph, Zcash CEO Zooko Wilcox also noted the significance of financial privacy for all iOS users and the rapid development of the Zcash ecosystem.
“It is very important to provide platforms that, like Jaxx, are easy to acquire and easy to use. I’m delighted that Jaxx and other companies and open source volunteers are extending the Zcash ecosystem. Privacy is essential to all commerce, whether buying a cup of coffee, taking care of your family’s needs, or executing major business deals,” Wilcox said.
Furthermore, Wilcox expressed his excitement over the integration of Zcash into a widely utilized multi-cryptocurrency wallet platform. He explained that the simple and user-friendly interface of Jaxx on both iOS and Android will allow Zcash users to send and receive transactions with ease and full anonymity.
“I’m delighted that now anybody with a smartphone (iPhone or Android) can send, receive, and store Zcash right on their phone. It is delightfully easy to send “Internet money” with this simple app, whether across a table or around the world. We were delighted when Jaxx decided to support Zcash, and we offered them free technical support.”
Zcash projects in 2017, including Ethereum
One of the highly anticipated projects eagerly awaited by the cryptocurrency community is Zcash on Ethereum. On January 19, Christian Reitwiessner of the Ethereum Foundation released an update on the joint initiative between the Ethereum R&D team and the Zcash Company.
According to Reitwiessner, the project was established to share the advantages and strengths of Zcash and Ethereum networks: programmability and privacy.
“One of the goals of the Zcash company, codenamed Project Alchemy, is to enable a direct decentralized exchange between Ethereum and Zcash. Connecting these two Blockchains and technologies, one focusing on programmability and the other on privacy, is a natural way to facilitate the development of applications requiring both.”
In addition to various ongoing projects including Project Alchemy, Wilcox told Cointelegraph that five new features will be released to the public in the near future. Two of these features include payment disclosure and user-issued tokens, which allow users to reveal information about a specific payment and issue unique tokens for particular projects.
For a company or a project raising funds in unique Zcash-based tokens, revealing the amount raised during the crowdfunding or funding round and sharing the allocation of funds in a transparent manner will be made possible with the payment disclosure feature.
As the Zcash development community grows and the ecosystem expands more interesting features, applications and integrations will be introduced to the community.