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The Goldman Sachs and Baidu backed fintech startup Circle Invest is keeping its promise of adding more coins, starting with Zcash. The company just announced that it’s adding Zcash to its platform, thus marking the addition of first major altcoin after its release in March.
The new addition was announced by the company yesterday night on Twitter. You can see the tweet below:
Hello, Zcash 👋. A new coin just joined the Circle Invest family, and it’s available for you to buy right now. Learn more here: https://t.co/pR0y6T1H2K
— Circle Invest (@circleinvest) April 30, 2018
Circle Invest is a platform that aims to compete with Coinbase by offering the opportunity of commission-free instant crypto asset trading. The service is very simple, and it allows its users to get started with as little as $1. At the time of launch it supported Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ethereum Classic. The company had also promised to add more altcoins, and this is the first addition.
Zcash, on the other hand, is a decentralized, open-source cryptocurrency with strong privacy features. It hides the sender, recipient and value data of each transaction on blockchain. The privacy of Zcash is of such a level that NSA whistleblower Edward Snowden thinks that it’s a better alternative to Bitcoin. Given below is what Snowden had said about Zcash last year in September:
“Zcash’s privacy tech makes it the most interesting Bitcoin alternative. Bitcoin is great, but “if it’s not private, it’s not safe.””
In a blog post about the addition of new cryptocurrency Rachel Mayer, the Product Manager of Circle Invest, 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.”
She also added that more altcoins will be added to the platform in coming days. Let’s see which ones they turn out to be.