Btcpay Introduces New Coinjoin Plugin for Enhanced Bitcoin Privacy for Merchants
On Monday, Wasabi Wallet and the open-source bitcoin payment processor Btcpay announced a new plugin for the Btcpay server. The plugin implements Wasabi’s Wabisabi coinjoin coordination protocol, allowing merchants to be...
On Monday, Wasabi Wallet and the open-source bitcoin payment processor Btcpay announced a new plugin for the Btcpay server. The plugin implements Wasabi’s Wabisabi coinjoin coordination protocol, allowing merchants to benefit from privacy enhancement. By activating the newly launched plugin, all the funds that merchants receive and send will be coinjoined, or mixed together with other bitcoin transactions.
New Btcpay Server Plugin Aims to Bolster Bitcoin Privacy
According to an announcement from the privacy-centric bitcoin wallet platform Wasabi Wallet and the bitcoin payment processor Btcpay, merchants now have the ability to obfuscate their incoming and outgoing bitcoin (BTC) transactions.
The technology comes in the form of a new plugin for Btcpay, which was developed by Andrew Camilleri and based on Wasabi Wallet’s Wabisabi coinjoin coordination protocol. The Btcpay plugin’s scheme “protects the privacy of all their incoming and outgoing transactions by preventing sensitive information about their store’s payment history from leaking to unconcerned parties,” Wasabi explained in a summary sent to Bitcoin.com News.
“Btcpay Server was created to empower individuals and businesses to regain their financial sovereignty,” said Kukks, the developer of the Btcpay Coinjoin Plugin, in a statement. “The Wasabi Wallet team and I are proud to offer even more privacy protection with this new coinjoin feature. I believe that financial privacy is a fundamental human right, this feature is my contribution to that cause.”
The announcement details that all Btcpay Server merchants can utilize the coinjoin process with a liquid coordinator provided by Zksnacks, the firm behind Wasabi Wallet. Moreover, Btcpay Server administrators can start their own coinjoin coordinators on their own terms if they choose not to use the Zksnacks coordinator. The two firms further mentioned that the new coinjoin service also provides a payment batching feature that saves block space.
“It only made sense that it would include an optional coinjoin plugin with the most sophisticated privacy-enhancing tool for bitcoin,” Max Hillebrand, Wasabi Wallet contributor and the CEO at Zksnacks said. “As a coinjoin protocol, Wabisabi has been designed with merchants in mind, enabling payments inside coinjoin and optimizing block space usage to save on fees.”
Btcpay is not the only company that has collaborated with Wasabi and introduced the privacy-enhancing coinjoin technology. In September 2022, Trezor announced that it was adding a coinjoin implementation into the firm’s hardware wallet.
What do you think about the new Btcpay Server plugin and its potential impact on enhancing bitcoin privacy for merchants? Let us know your thoughts in the comments section below.
Original source
Read on Bitcoin NewsRelated market context
Ripple and Bitso Unleash MXNB on XRPL to Transform a $65B U.S.-Mexico Payments Corridor
Key Takeaways: Ripple is strengthening its collaboration with Bitso by launching the first regulated stablecoin on the XRP Ledger,...
Ripple chases AI’s machine economy as XRPL stablecoins near $1 billion
Stablecoin liquidity on the XRP Ledger (XRPL) has nearly doubled over the past month, putting the network within reach of a $1 bil...
XRP Gets AI Agent Payment Support in Ripple’s XRPL AI Starter Kit as Executive Sees Billions Ahead
XRP is being positioned for AI-driven commerce as Ripple launches a developer toolkit that enables autonomous software to transact...
EIP-8182 proposed for Hegotá hard fork to enable privacy transfers on Ethereum
EIP-8182 could redefine Ethereum's privacy landscape, challenging regulatory norms and enhancing user anonymity at the protocol le...
Uniswap partners with Binance Wallet for $300K USDC rewards program
This partnership could significantly enhance DeFi accessibility, potentially increasing user engagement and liquidity in Ethereum-...
Abu Dhabi airports to accept Bitcoin and crypto payments through new fintech partnership
The integration of crypto payments at Abu Dhabi airports signals a strategic shift towards mainstream digital currency adoption in...