privacy

At the recent Consensus Hong Kong conference, Grayscale’s Chief Legal Officer Craig Salm highlighted a growing but often overlooked need in the crypto world: transaction privacy for businesses.
Salm explained, “If you have a business need to send a large sum to a supplier but don’t want competitors or other firms to see that transaction since it could expose sensitive business details you’d want that deal to be private.” He emphasized that $BTC Bitcoin alone cannot solve this problem. Its transparent blockchain, while revolutionary for openness, leaves transactions fully visible to anyone with access to an explorer platform, making it easy to track payments and business activities.
This is where privacy-focused tokens like Zcash come into play. $ZEC offers a ‘selective disclosure’ feature, allowing users to share specific transaction details only with the right party. This means businesses can provide proof of payments to regulators or tax authorities without exposing day-to-day operations or sensitive financial information.
Salm continued, “It’s easy to picture scenarios where this privacy need matters,” signaling Grayscale’s belief in privacy coins as a valuable asset class. The firm already holds a sizeable Zcash Trust and is working on converting it into an ETF, following its previous strategy with other crypto products.
As blockchain adoption grows, the demand for financial privacy and discretion may become a key differentiator for businesses, not just individual users. Zcash’s ability to balance transparency with selective privacy could make it a critical tool in the evolving landscape of digital finance.
Grayscale’s endorsement highlights a broader trend: privacy coins are moving from niche curiosity to mainstream investment consideration, especially for organizations that want the benefits of blockchain without exposing sensitive operational data.
#Privacy #MarketRebound