Crypto wallet provider Payy launches privacy-focused Ethereum L2

Payy’s new privacy layer 2 makes every ERC-20 transfer private by default without the need for new wallets or tokens.

Crypto project Payy, which operates a privacy-focused wallet alongside a crypto banking card, has just launched a privacy-enabled Ethereum layer 2.

In an announcement via X on Wednesday, Payy said users can now integrate the network into their MetaMask accounts, and that all ERC-20 transfers made on it are automatically made private with “no smart contract changes required.” 

Payy said the two core types of users on its network would be institutions and fintech firms looking to bring “flows onchain without fear of analysis and exploitation,” and crypto natives looking to use privacy tools without “juggling multiple wallets.”

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