The latest cryptocurrencies news show that privacy coins are very popular and may once again become popular as several governments start to use phone data in order to track people exposed to the Coronavirus (and the deadly COVID-19 disease). In cases like these, the interest in Zcash (ZEC) may rise and the privacy of citizens is something that immediately comes to first place.
As we could see, the war against the spread of the Coronavirus forced a lot of governments to use extreme measures when tracking the spread of the pandemic within their borders. At the time of writing this, three countries including Israel, China and Iran have reportedly been linked to using a type of phone surveillance technology in order to track the movements of some patients and the individuals they might have had contact with.
While all of this would help spreading the COVID-19 disease which infected more than 300,000 around the globe so far, the interest in Zcash and similar coins may rise because of the privacy features that these coins have to offer.
In more details, these cryptocurrencies present a form of privacy and question the confidentiality of their online transaction histories. Cryptocurrencies like these include Zcash (ZEC), Monero (XMR) and others.
For those of you who are new to the coin, the interest in Zcash (ZEC) is growing because of its groundbreaking technology that can reshape the world. As quoted by Sydney Ifergan who is known as the Crypto Expert:
“The demand for Privacy Coins like ZCash is here to stay. It is probable for a renewed interest in privacy coins to happen. People prefer privacy all the time, but during the crisis times even more!”
— Sydney Ifergan (CryptoSYD) (@SydneyIfergan) March 22, 2020
Therefore, the trending ideal that seems to buy to the ideals of Zcash is that the privacy of many citizens from across different countries it at stakes now – and that their governments are making use of phone surveillance technology to identify the movements. The privacy debate might rekindle interest in ZEC, and many expect that privacy coins might stand to benefit.
In addition to this, ZEC experts are vocal in the Zcash news and saying that 2020 is the year for Zcash and the year when the coin should be “pumping up the game.”
Updates in the news coming from the United States also show that the country has also been considering using phone data to track the movement of confirmed patients of the virus in relation to other individuals.
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