Payy Debuts Privacy-Enabled Ethereum Layer 2, Supporting MetaMask Wallets
Payy has launched a new privacy-focused Ethereum Layer-2 network designed to make everyday crypto transactions private by default while remaining compatible with popular wallets like MetaMask. The network addresses transparency issues on public blockchains, where wallet activities are visible and susceptible to tracking, exploitation, and front-running—factors that have hindered institutional and retail adoption.
The solution operates by routing transactions through private ERC-20 pools, making fund tracing difficult without requiring users to switch wallets. Transactions are private by default, and interactions with DeFi platforms use newly generated addresses to dissociate user identity from on-chain activity. Users can customize privacy levels based on application rules.
Aimed at institutions and privacy-conscious users, Payy’s system enables confidential payments and reduces operational complexity. The launch begins with an existing base of 100,000 users and support from major stablecoin providers. According to CEO Sid Gandhi, privacy is essential for mainstream crypto adoption, as public transaction data remains a key barrier to global on-chain payment adoption.
TheNewsCrypto02/05 12:15
