Payy announced an Ethereum layer 2, which it says will enable on-chain transactions to be conducted in a more secure manner. “invisible” Public eye
The following is a summary of the information that you will find on this page.
- Payy launched an Ethereum layer 2 with privacy enabled that allows ERC-20 transactions from wallets such as MetaMask to be private by default.
- Transactions are routed through ERC-20 pools to ensure that the network is functioning.
Payy is a crypto-card powered by Visa and an online wallet that focuses on privacy. X post It is now possible to integrate MetaMask’s layer 2 network into its platform. This will allow ERC-20 transactions to be private as a default, without any changes being made.
“In the past, privacy always had tradeoffs: bad UX, fragmented liquidity, limited compatibility. With Payy, privacy is invisible,” The project was said.
As per the project’s websitePayy’s goal is to design stablecoin usage as private while still supporting ERC-20 tokens.
Payy targets two specific user groups: Institutions and Fintech companies that wish to add flows onto the chain. “without fear of analysis and exploitation,” Privacy enthusiasts who want to be able to access tools without having multiple wallets to manage.
“Crypto natives will use their existing wallets and apps, while Fintechs and TradFi will onboard through our distribution partners,” Payy Said
Layer 2 routes all transactions via private ERC-20 pooling, where users can automatically send their transactions when using traditional wallets such as MetaMask. This effectively hides the final destination of funds that would otherwise be publicly visible.
Smart contracts allow you to interact with protocols for decentralized financial management. Funds are transferred into a newly generated, new address when you withdraw funds.
“Private transaction data goes to offchain Privacy Vaults,” Addition to what was said “users can choose applications and contracts to interact with based on the privacy-compliance tradeoff.”
Payy announced that to start, it would bootstrap a network with 100,000 users who already use its wallet services, along “some of the largest stablecoin players” This will be revealed in the next few weeks.
“I firmly believe privacy is the final barrier to critical mass adoption. By removing it, we’re unblocking the path for the $2 quadrillion global payments economy to move onchain, without turning every transaction into a data leak,” Payy’s CEO Sid Gandhi stated in an independent statement. X post.
Payy is launched at a critical time. demand for privacy-preserving tools The number of privacy tokens, such as Monero ( ) and Dash ( ), has increased. In 2025, the popularity of privacy tokens such as Monero, (XMRZcashZECHave you heard of? seen a resurgence.
Ethereum is a cryptocurrency (ETHThe developers of. working on wallet-level privacy The Ethereum Foundation and Kohaku offer a variety of features announced a privacy roadmap The foundation announced the roadmap in September. In September, the foundation announced that it was working on a roadmap to make sure Ethereum does not become mainstream. “the backbone of global surveillance.”
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Source: crypto.news
