Cake Wallet is a non-custodial open source wallet for cryptocurrencies and has officially launched Payjoin V2, becoming the first major mobile wallet to offer silent payments to everyday users.
The integration introduces a protocol upgrade that disrupts blockchain surveillance by mixing transaction inputs from senders and receivers, thus destroying common blockchain surveillance technologies that chain analysts usually rely on.
“Bitcoin is open and licensed, but without privacy, which is a monitoring tool,” Cake Wallet CEO Vikrant Sharma said in a recent press release to Bitcoin Magazine. “This upgrade enables everyday users to trade privately without having to online or run servers.”
The implementation of Cake Wallet eliminates the limitations that require both parties to run servers online or on a coordinated transaction. Now users can send or receive Bitcoin through asynchronous, serverless payroll transactions – no application required, no application, no advanced configuration.
“This makes Bitcoin privacy accessible to people who are not developers or hardcore Cypherpunks,” Sharma said. “We have seen a huge advance in Monero privacy tools. Now, Bitcoin users can also take a step towards building in mainstream wallets.”
This announcement follows another major privacy upgrade: Cake wallets have recently become one of the first major wallets to support silent payments, allowing users to receive Bitcoin without exposing reusable addresses.
