Cloakd solves the challenge of securely and conveniently requesting cryptocurrency payments without exposing your wallet address. In the world of crypto, sharing your public wallet address can compromise your privacy, as all transactions tied to that address are visible on the blockchain. Cloakd eliminates this concern, enabling users to request payments while keeping their wallet address private.
Additionally, Cloakd addresses the complexity of cross-currency transactions. For example, if you want to receive payment in Ethereum, but the sender prefers to pay in Solana, this would typically require manual bridging and multiple steps, creating unnecessary friction. Cloakd simplifies this process by allowing both parties to select their preferred currency and network. Cloakd handles the conversion seamlessly, ensuring a smooth transaction experience for both the payer and the receiver.
In short, Cloakd enhances privacy, reduces hassle, and provides flexibility for cryptocurrency payments across multiple blockchains.