Crypto undertaking Payy, which operates a privacy-focused pockets alongside a crypto banking card, has simply launched a privacy-enabled Ethereum layer 2.
In an announcement through X on Wednesday, Payy mentioned customers can now combine the community into their MetaMask accounts, and that each one ERC-20 transfers made on it are routinely made personal with “no good contract adjustments required.”
Payy mentioned the 2 core forms of customers on its community could be establishments and fintech corporations seeking to carry “flows onchain with out worry of study and exploitation,” and crypto natives trying to make use of privateness instruments with out “juggling a number of wallets.”
“Among the largest stablecoin gamers are day 1 launch companions on Payy Community. We’ll be asserting them within the coming weeks,” Payy mentioned.
The community is suitable with any Ethereum Digital Machine (EVM) pockets, and the undertaking’s web site signifies that the layer-2 is primarily geared towards “making stablecoins personal,” regardless of additionally supporting all ERC-20 tokens.
Following the announcement, Payy CEO Sid Gandhi additionally shared extra particulars on X, noting that Payy is working to assist massive conventional finance establishments really feel extra comfy shifting capital onchain.
“Practically each financial institution, fintech, and enterprise is telling us the identical factor: They can’t transfer actual capital flows onchain if their monetary information is uncovered to the world,” he mentioned.
When it comes to Payy’s privateness, the layer 2 hosts personal ERC-20 swimming pools that customers’ transactions are routinely routed by when utilizing wallets like MetaMask. This allows customers to maneuver funds from their regular wallets with out the surface world seeing the place the funds are going.
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When interacting with decentralized finance apps and good contracts, funds are withdrawn from the personal swimming pools to a brand new handle.
Earlier than this, Payy primarily supplied its personal privacy-focused pockets alongside a crypto banking card, which launched in mid-2025. The undertaking claims to have racked up 100,000 customers of its pockets providers.
There are already different L2s and protocols providing privateness providers on Ethereum, comparable to Aztec Community and Railgun, which use related strategies to hide switch exercise.
In the meantime, there are a number of privacy-focused tokens comparable to Zcash (ZEC) and Monero (XMR) that exploded in reputation in 2025 amid a crypto privateness sector increase final 12 months.
In accordance with Payy, it goals to supply a degree of distinction by lowering the hurdles to sustaining privateness, comparable to managing a number of wallets or switching between a number of protocols.
Nevertheless, Payy is just not the one one engaged on this. Cointelegraph reported in October that Ethereum builders had been engaged on upgrading pockets privateness as a part of the Kohaku roadmap.
The objective of Kohaku is to cut back reliance on centralized events that monitor transactions, whereas additionally together with options comparable to personal sending and receiving.
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