Blockchain Wallet to Allow Converting Assets to PAX

"It’s adding a true dollar balance into the wallet", -  head of wallet department and strategy at Blockchain believes (it's stated PAX is backed 1:1 with USD)
31 May 2019   302

Since Monday, the largest provider of cryptocurrency wallets, Blockchain, will allow users to swap between digital assets and Paxos Standard (PAX) stablecoin directly in a mobile application. Also, Blockchain is considering the possibility of adding fiat assets, CoinDesk reports.

Doing the stablecoin project here with PAX is a really big deal because it’s not just that we are adding a new asset, it’s adding a true dollar balance into the wallet. Anyone with an internet connection can download a wallet and get USD funds, essentially. … People everywhere can now have access to all sorts of assets the same way they can access all sorts of information.

Xen Baynham-Herd

Head of wallet department and strategy, Blockchain

According to Peter Smith, the CEO and founder of Blockchain, his wallet is responsible for 22% of all online transactions in the Bitcoin network.

It is noteworthy that after the US, Blockchain has the most users from Russia, Brazil and Argentina.

Additionally, the company is actively expanding its staff. Over the past year, she hired about 90 people and continues to look for specialists.

1st Alternative Zcash Client to be Created by Parity

The responsibility for the continued development and support of the new client called Zebra will be with the Zcash Foundation
18 June 2019   126

The leading developer of solutions for the Ethereum ecosystem, Parity Technologies, presented the first alternative client for cryptocurrency Zcash.

A new client called Zebra is designed to improve the security of the Zcash network. So, if the original Zcashd client will not be able to operate for some reason, the blockchain will be supported by nodes on Zebra.

In addition, with the help of an alternative client, developers will be able to identify bugs and eliminate defects in consensus.

The community wins across the board, as there are now more core developers working on clients, with more interests represented and clients taking different approaches on how to build apps on top. Zcash can now boast a more diversified community that can effectively tailor experiences for Layer 2 developers as well as end-users.

Fredrik Harryson
CTO, Parity Technologies

The responsibility for the continued development and support of the Zebra will be with the Zcash Foundation.