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Take a look at these 10 companies using blockchain payment solutions to revolutionize the way we pay and transfer money. One of the most-used blockchain payment platforms , Coinbase allows users to buy, sell and store over cryptocurrencies and convert their earnings into fiat currency. In addition, the platform houses a variety of tools for individuals and businesses to expand their reach into the crypto sphere.

Just a few include features for earning interest and rewards on cryptocurrency, creating crypto wallets as well as creating and connecting NFTs. PayPal , an online platform for global transactions, supports the transfer of Bitcoin, Bitcoin Cash, Ethereum and Litecoin. Circle Pay blockchain allows for the safe transfer of money between different individuals, currencies and countries. The Circle Pay function is available in over 30 countries and in U. Each money transfer or payment is encrypted on a blockchain to ensure a safe transaction.

The Circle Pay app acts as a group messaging app with a payment feature integration, so. The service also offers global payment support, an in-app crypto wallet and personal website integration capabilities.

Zcash is a cryptocurrency exchange platform using its own cryptocurrency Zcash to help people pay for goods and services.

Zcash already boasts a wide list of companies that accept its cryptocurrency. Veem is a blockchain-backed payment platform for small businesses to send and receive money in local currency.

Veem is able to integrate with accounting software from Intuit, Oracle and Xero to sync records in real time, as well as allows payments to be sent through email in over countries. Gluwa uses blockchain for their borderless financial platform. The company combines a payment function with a digital wallet to help users manage and easily transfer money to people all over the world. The stablecoin acts as a bridge between the crypto and fiat worlds due to its compatibility with real-world currencies.

The Stellar network features lower remittance costs, mobile banking, real-time settlements in two to five seconds and an automatic currency exchange. Consulting giant Deloitte uses Stellar to test out different payment methods for banking clients outside North America. Abra users can fund their digital wallets with over 50 different fiat currencies or over 80 different cryptocurrencies, including Bitcoin, Litecoin, Zcash, Augur and Stellar. Look toward blockchain payments.

Written by Sam Daley. Image: Shutterstock. Brennan Whitfield. Nobody knows who sent or received funds or the transaction amount using zero-knowledge proof. This may be due to the added cost and effort of transacting anonymously using zero-knowledge proof.

Dash is the 20th largest cryptocurrency by market cap. Dash lets you keep your financial transactions and fund balance private. Dash achieves anonymity via a mixing protocol. Despite the ability to make anonymous transactions, there is a downside to Dash. Not all transactions are completed with private send, so it could be the case that using it and mixing your transfer could be considered suspicious.

Monero is the 16th largest cryptocurrency by market capitalization. It is the most private and provides the best anonymity of all cryptocurrencies. Monero was launched in and is an open-source and privacy-focused cryptocurrency built on distributed ledger technology. All Monero transactions are untraceable. The cryptocurrency uses ring signatures and stealth addresses to mask the true identities of senders and receivers of Monero.

This cryptocurrency platform ensures total anonymity for the sender, receiver, and holder of funds. It is a myth that bitcoin and other public ledger-based cryptocurrencies are anonymous.

However, advances are rapidly being made in cryptocurrency platform development. Ethereum, a cryptocurrency that used to be only pseudo-anonymous, now allows for private transactions between Ethereum wallets with the Aztec Protocol.

Bitcoin, however, does not yet present this option. Zcash and Dash both offer the feature of sending crypto anonymously. However, it is not mandatory on either platform to use the feature making it potentially suspicious to use it. Also, it is still public information that you used the anonymizing feature to send funds. If you want to send and receive cryptocurrency completely anonymously as well as hold your funds in an account whose balance is not public you want to use the most private and secure cryptocurrency that exists right now: Monero.

Are you planning cryptocurrency platform development? Read more stories about Ulam Labs and crypto-space wrote by our specialists and engineers. What will be the biggest trends in in crypto and Web 3 space? We explore 11 directions in which the market might follow. How different it is to build a blockchain app than a standard web application? How does adding blockchain influence the development process? And more importantlyпїЅhow to work with a blockchain smart contract development agency to meet your expectations and goals?

The further we are down the road to mass-scale decentralization, the less we will need to rely on legacy finance. Is Cryptocurrency Anonymous?