<\/p>\n
Payy has announced a privacy-enabled Ethereum layer 2 that it claims will make on-chain financial activity effectively \u201cinvisible\u201d to the public eye.<\/p>\n
<\/p>\n
Payy, which operates a privacy-focused wallet and a Visa-powered crypto card, said in a Wednesday X post<\/a> that its layer 2 network can now be integrated into MetaMask, and it will make ERC-20 transfers private by default without making any smart contract changes.<\/p>\n \u201cIn the past, privacy always had tradeoffs: bad UX, fragmented liquidity, limited compatibility. With Payy, privacy is invisible,\u201d the project said.<\/p>\n According to the project\u2019s website<\/a>, Payy aims to make stablecoin usage private by design while offering support for all ERC-20 tokens.<\/p>\n <\/p>\n Payy is targeting two main user segments specifically: institutions and fintech firms that want to bring flows on-chain \u201cwithout fear of analysis and exploitation,\u201d and privacy enthusiasts that want to use tools without having to juggle between multiple wallets.<\/p>\n \u201cCrypto natives will use their existing wallets and apps, while Fintechs and TradFi will onboard through our distribution partners,\u201d Payy said.<\/p>\n The layer 2 network routes transactions through private ERC-20 pools, through which users\u2019 transactions are automatically routed when using traditional wallets like MetaMask, thereby effectively concealing the destination of funds, which would have otherwise been publicly visible.<\/p>\n When interacting with decentralized finance protocols through smart contracts, funds are withdrawn to a new, freshly generated address.<\/p>\n \u201cPrivate transaction data goes to offchain Privacy Vaults,\u201d it said, adding that \u201cusers can choose applications and contracts to interact with based on the privacy-compliance tradeoff.\u201d<\/p>\n To start off, Payy said it would bootstrap the network using 100,000 users that already use its wallet service, alongside \u201csome of the largest stablecoin players\u201d that will be announced in the coming weeks.<\/p>\n \u201cI firmly believe privacy is the final barrier to critical mass adoption. By removing it, we\u2019re unblocking the path for the $2 quadrillion global payments economy to move onchain, without turning every transaction into a data leak,\u201d Payy CEO Sid Gandhi said in a separate X post<\/a>.<\/p>\n Payy\u2019s launch comes at a time when demand for privacy-preserving tools has grown. Throughout 2025, some of the popular privacy tokens, such as Monero (XMR) and Zcash (ZEC), have seen a resurgence.<\/p>\n Meanwhile, Ethereum (ETH) developers are also working on wallet-level privacy features via Kohaku, and the Ethereum Foundation announced a privacy roadmap in September. The foundation said at the time that the roadmap\u2019s goal is to ensure Ethereum avoids becoming \u201cthe backbone of global surveillance.\u201d<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Payy has announced a privacy-enabled Ethereum layer 2 that it claims will make on-chain financial activity effectively \u201cinvisible\u201d to the public eye. Summary Payy has launched a privacy-enabled Ethereum layer…<\/p>\n","protected":false},"author":1,"featured_media":21153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21348"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21348\/revisions"}],"predecessor-version":[{"id":21349,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21348\/revisions\/21349"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/21153"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Privacy tools step back into the spotlight<\/h1>\n