diff --git a/doc/paper/taler.tex b/doc/paper/taler.tex
index d439b50e0..8a33de397 100644
--- a/doc/paper/taler.tex
+++ b/doc/paper/taler.tex
@@ -313,7 +313,7 @@ disintermediated transactions.
 
 Unlike Taler, Zerocash hides transacted amounts as well as both the
 sender and receiver, giving it a larger anonymity set than Taler under
-equal usage levels.  A Taler exchange can process transactions many
+equal usage levels.  However, a Taler exchange can process transactions many
 orders of magnitude faster and more cheaply than any blockchain-based
 cryptocurrency like Zerocash.  It follows that, assuming reasonable
 adoption levels for both, Taler can yield stronger anonymity for