Crypto wallet provider Payy launches Ethereum L2 with built-in transaction privacy

Payy says its new layer-2 network routes ERC-20 transfers through privacy pools by default without requiring new wallets or tokens.

Crypto project Payy, which operates a privacy-focused wallet alongside a crypto banking card, has launched an Ethereum layer-2 network designed to support private ERC-20 transfers.

In an announcement via X on Wednesday, Payy said users can add the network as a custom chain in MetaMask and that ERC-20 transfers made on it are routed through privacy pools by default with “no smart contract changes required.” 

Payy said the two core user types on its network would be institutions and fintech firms seeking to bring financial flows onchain while limiting public transaction traceability and crypto natives seeking to use privacy tools without “juggling multiple wallets.”

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