{"id":18166,"date":"2023-02-28T07:18:29","date_gmt":"2023-02-28T07:18:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/btcpay-introduces-new-coinjoin-plugin-for-enhanced-bitcoin-privacy-for-merchants-privacy-bitcoin-news\/"},"modified":"2023-02-28T07:18:29","modified_gmt":"2023-02-28T07:18:29","slug":"btcpay-introduces-new-coinjoin-plugin-for-enhanced-bitcoin-privacy-for-merchants-privacy-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/btcpay-introduces-new-coinjoin-plugin-for-enhanced-bitcoin-privacy-for-merchants-privacy-bitcoin-news\/","title":{"rendered":"Btcpay Introduces New Coinjoin Plugin for Enhanced Bitcoin Privacy for Merchants \u2013 Privacy Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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On Monday, Wasabi Wallet and the open-source bitcoin payment processor Btcpay announced a new plugin for the Btcpay server. The plugin implements Wasabi\u2019s 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.<\/strong><\/p>\n

New Btcpay Server Plugin Aims to Bolster Bitcoin Privacy<\/h2>\n

According to an announcement<\/a> from the privacy-centric bitcoin wallet platform Wasabi Wallet<\/a> and the bitcoin payment processor Btcpay<\/a>, merchants now have the ability to obfuscate their incoming and outgoing bitcoin (BTC)<\/a> transactions.<\/p>\n

The technology comes in the form of a new plugin for Btcpay, which was developed by Andrew Camilleri and based on Wasabi Wallet\u2019s Wabisabi coinjoin coordination protocol. The Btcpay plugin\u2019s scheme \u201cprotects the privacy of all their incoming and outgoing transactions by preventing sensitive information about their store\u2019s payment history from leaking to unconcerned parties,\u201d Wasabi explained in a summary sent to Bitcoin.com News.<\/p>\n

\u201cBtcpay Server was created to empower individuals and businesses to regain their financial sovereignty,\u201d said Kukks, the developer of the Btcpay Coinjoin Plugin, in a statement. \u201cThe 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.\u201d<\/p>\n

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.<\/p>\n

\u201cIt only made sense that it would include an optional coinjoin plugin with the most sophisticated privacy-enhancing tool for bitcoin,\u201d Max Hillebrand<\/a>, Wasabi Wallet contributor and the CEO at Zksnacks said. \u201cAs a coinjoin protocol, Wabisabi has been designed with merchants in mind, enabling payments inside coinjoin and optimizing block space usage to save on fees.\u201d<\/p>\n

Btcpay is not the only company that has collaborated with Wasabi and introduced the privacy-enhancing coinjoin technology. In September 2022, Trezor announced<\/a> that it was adding a coinjoin implementation into the firm\u2019s hardware wallet.<\/p>\n

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Anonymity<\/a>, Bitcoin<\/a>, Bitcoin Transactions<\/a>, block-space<\/a>, Blockchain<\/a>, Btcpay<\/a>, CoinJoin<\/a>, coordination protocol<\/a>, Cryptocurrency<\/a>, Decentralized<\/a>, Digital Currency<\/a>, Fees<\/a>, financial empowerment<\/a>, Financial independence<\/a>, financial privacy<\/a>, financial rights<\/a>, Financial Sovereignty<\/a>, Hardware wallet<\/a>, human rights<\/a>, Merchants<\/a>, Open Source<\/a>, Payment processor<\/a>, plugin<\/a>, Privacy<\/a>, privacy protection<\/a>, Security<\/a>, technology<\/a>, Trezor<\/a>, Wasabi Wallet<\/a>, Zksnacks<\/a><\/div>\n<\/div>\n

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.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: Btcpay<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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