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Crypto

Citrea Acquires Crest to Bring Private Bitcoin to the Masses

Guavy AI Editorial Team
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Citrea has acquired Crest to bring Zcash-style privacy to Bitcoin. With this move, Citrea aims to make private Bitcoin effortless and practical for everyone.

Bitcoin's transparency has become a major issue with its growing market capitalization exceeding $1.5 trillion. Users seeking privacy must either forfeit self-custody or swap into alternative assets like Zcash.

The acquisition of Crest will bring a new standard to mobile, self-custodial Bitcoin privacy. Citrea's Bitcoin-secured execution environment will power Crest's wallet, which will feature auto-shielding, private BTC transfers, and seamless cross-chain onboarding from Bitcoin and Ethereum.

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