Casa's new feature focuses on privacy rather than anonymity.
Casa, a platform specializing in cryptocurrency self-custody wallets, has recently updated its Ethereum vault services.
Initially launched in June 2023, Casa's multisignature Ethereum vaults allowed users to self-custody their Ether (ETH) holdings with up to five private keys.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
Is Your Crypto Safe? (5 Best Crypto Security Practices Explained)
As part of their ongoing efforts to augment user privacy, Casa has now introduced an ETH pay wallet that can act as a relay to facilitate transactions from their vaults.
Casa CEO Nick Neuman revealed that transactions executed via the ETH pay wallet would not be directly associated with Casa's on-chain activity. He stated:
We were proactive in developing the Pay Wallet Relay because we knew some of our more advanced members would enjoy enhanced on-chain privacy while others would enjoy the simple convenience of the Casa Relay.
Previously, Casa facilitated interactions between user ETH vaults and the Ethereum blockchain through an in-house service known as Casa Relay. This allowed users to perform tasks such as contract deployment and transaction sending while covering the associated gas costs.
However, this feature came with the drawback that user Ethereum addresses linked to Casa could be easily identified through blockchain analysis tools.
Neuman clarified that the new ETH pay wallet feature is not designed for anonymity but rather for increased privacy. He emphasized:
It’s not an obfuscation service — all on-chain activity will be viewable just like with any wallet. This just removes the connection to Casa on-chain.
The update does come with a trade-off. While the new service enhances privacy, it also requires users to cover the gas fees through their ETH pay wallet, unlike the Casa Relay service, which took care of such costs.
Casa's newly rolled-out feature aims to balance convenience with privacy in Ethereum transactions. While it doesn't offer complete anonymity, it does disconnect users' on-chain activities from being directly associated with Casa. This development reflects a broader industry trend toward prioritizing both security and privacy in cryptocurrency management.
