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Privacy-focused coins and blockchains enjoy a steady demand despite continued backlash from regulators around the world. Governments argue that privacy coins are untraceable, posing a significant risk to financial security and accountability. However, financial privacy is a standard expectation in traditional systems—we don’t allow anyone to track our bank account just because we bought an ice cream.
Zano, the L1 blockchain for confidential assets and private dApps, has partnered with Cake Wallet, one of the biggest non-custodial wallets among privacy enthusiasts, to make privacy features more accessible and user-friendly for the web3 community. Zano was founded by Andrey Sabelnikov, the lead developer behind CryptoNote – a privacy coin protocol used by Monero and hundreds of other projects.
Zano Partners with Cake Wallet to Improve User-accessibility
Zano’s partnership with Cake Wallet is pivotal in making privacy coins more accessible to mainstream users. The collaboration brings Zano’s advanced privacy tools into Cake Wallet’s application, providing an enhanced experience for users seeking to safeguard their assets.
The partnership empowers Cake Wallet users to hold, manage, and transact with Zano coins, giving them access to a privacy-first cryptocurrency within a non-custodial wallet. As part of the integration, Cake Wallet will support Zano’s confidential assets, which include private stablecoins and wrapped versions of major cryptocurrencies like zBTC and zETH.
According to Vikrant Sharma, the co-founder and CEO of Cake wallet:
“Cake Wallet is dedicated to pushing privacy forward, and our partnership with Zano is a natural stepping stone in bringing robust privacy tools to the cryptocurrency community and beyond,”
Similar thoughts were shared by Quenten van Welzen, the head of marketing and growth at Zano:
‘The values of Zano and Cake Wallet overlap quite a bit. Therefore, integrating the Zano blockchain into Cake Wallet seems like a natural fit, and we are very excited to be onboarded to such a wonderful privacy-friendly wallet,”
Why Users Love Zano: Privacy, Security, and Full Control Over Their Assets
Zano’s integration with Cake Wallet is already winning over users who prioritise financial privacy, security, and ease of use. In an era of increasing financial surveillance and data breaches, the ability to transact securely without exposing sensitive information is more important than ever. With its seamless, privacy-first approach, Zano empowers individuals to take full control of their digital assets while maintaining complete confidentiality.
“For me, financial privacy is a fundamental right. With Zano and Cake Wallet, I finally have a simple, secure way to manage my assets without worrying about surveillance or data leaks. It’s reassuring to know I can transact freely while keeping my financial data private,” said Alex M., a longtime cryptocurrency user and privacy advocate.
By combining Zano’s advanced privacy features with Cake Wallet’s intuitive design, the partnership ensures that users can easily store, send, and receive confidential assets without technical complexity. This collaboration reinforces the importance of privacy in the digital economy, giving users the tools they need to protect their financial freedom.
A Step Closer to Institutional Adoption
While blockchain’s transparency is often seen as an advantage, it presents a major obstacle for financial institutions looking to adopt the technology. Contrary to popular belief, complete transparency is not always beneficial—especially in financial systems where confidentiality is crucial.
Traditional banking and corporate finance operate on the principle that certain data, such as transaction details, client identities, and proprietary trading strategies, must remain private to protect competitive advantages and comply with regulations on data security.
For institutions, the challenge is striking a balance between trust and privacy. They need to verify the integrity of transactions, ensure compliance, and prevent fraud without exposing proprietary information to the public. This requirement creates friction when integrating with public blockchains, where transactions are permanently recorded and fully visible to anyone.
To drive institutional adoption, blockchain technology must evolve to provide mechanisms that offer cryptographic proof of validity without revealing the underlying data itself. By addressing these concerns, privacy-focused blockchain solutions like Zano bring the industry a step closer to real-world adoption in regulated financial sectors, bridging the gap between decentralisation and institutional needs.
