Binance’s Trust Wallet Adds Support For Privacy-Focused Cryptocurrency Zcoin

Announcements, Blockchain, News | February 26, 2019 By:

Trust Wallet, a mobile cryptocurrency wallet acquired by crypto exchange Binance last year, has added trading support for Zerocoin protocol’s native token Zcoin (XZC).

Trust Wallet, which supports ethereum and ERC20, ERC223 and ERC721 tokens, has built a reputation for security and has held itself to the guiding principles that it will never access user wallets, hold private keys, and ask for personal information.

In a press release, Trust Wallet announced the intregation of Zcoin, a decentralized privacy coin that focuses on achieving privacy and anonymity for its users while transacting on the blockchain. The integration is part of Trust Wallet’s ongoing commitment to privacy projects.

“Privacy is one of our core values, as it is an inherent human right and should be maintained to preserve personal rights and dignity,” said Trust Wallet Founder Viktor Radchenko. “For us, it is very important to support as many privacy feature coins as possible, so our users can have the power to make there own choices.”

Radchenko added that Trust Wallet’s initial release of Zcoin will allow sending and receiving functionality with plans to support the Zerocoin protocol in the near future, which he said will provide “the highest level of privacy for our users.”

The Zerocoin protocol was proposed by Johns Hopkins University professor Matthew D. Green and his graduate students in 2013 as an extension to the bitcoin protocol that would add cryptographic anonymity to bitcoin transactions. The protocol was recently used by Thailand’s Democrat Party to conduct its primary elections to select its party leader. The election involved more than 120,000 nationwide votes and marked the world’s first use of the technology in a large scale political election.

“We are excited to bring Zcoin to Trust Wallet users everywhere, ” said Reuben Yap, COO of Zcoin. “One of Zcoin’s goals is to deeply embed ourselves into the crypto ecosystem and make our coins easy to store and use where Trust Wallet aligns. We are looking forward to adding more integrations as Trust Wallet is the native decentralized wallet for Binance’s DEX and excited about their support for Zcoin and other privacy coins, and for Zcoin to be among the first non-Ethereum based coins to be added to the wallet.”