what's payy?
Payy is a crypto project focused on onchain consumer banking, enabling users to manage stablecoins and digital assets through a user-friendly app. It vertically integrates stablecoins with a privacy-preserving blockchain, global fiat onramps, and DeFi protocols to provide seamless banking experiences without traditional intermediaries. The platform emphasizes privacy and usability, featuring tools like the Payy card—a non-custodial, undoxxable physical card that uses zero-knowledge proofs for private spending of USDC and other cryptos. Users can easily deposit crypto, activate the card, and participate in upcoming spend-to-earn programs. Payy Network leverages scalable data availability layers like Celestia to handle high-throughput transactions permissionlessly. By combining these elements, Payy aims to create functional onchain neobanks, bridging fiat and crypto worlds while prioritizing security, privacy, and accessibility for everyday financial activities.
payy partners with Alchemy for privacy infrastructure, featuring EVM in anonymity pools.
Links
x.com/payy_linkWorks with Alchemy to deploy privacy infrastructure.
Launched with an EVM implementation inside an anonymity pool architecture.
The platform is included in an industry report on blockchain privacy and compliance solutions from Inco and 0xPredicate, with representatives joining a public discussion panel on Thursday December 11 at 12PM ET.
A crypto trader includes payy in a list of neobanks worth researching, mentioning itstuyo as a direct competitor in the space.
The platform implements custom ZK-circuits as part of its technical infrastructure. (Tweet ID: 1995519073489391892)
User reports that the platform offers cash back rewards superior to traditional credit card rewards and expects airdrop rewards as part of customer acquisition strategy.
Development of proprietary payment rails is underway to reduce dependency on traditional Visa and Mastercard infrastructure.
Platform supports Apple Pay integration in addition to Visa Card for payments. (Tweet ID: 1986520373777867197)
Card issuance is not available in Ohio despite support for most other US states. The points program is now active with users actively accumulating points.
The platform features a tap-only physical card without chip or magnetic stripe capabilities and peer-to-peer payment functionality for settling bills between users.
Polymarket integration allows private, instant spending of prediction market winnings.
Integration with Celestia blockchain announced as upcoming technical infrastructure update.
A doxxing incident occurs, prompting user backlash and threats to abandon the platform despite its privacy-focused features.
Points program launching soon for the privacy-focused crypto card and neobank platform.
Payy integrates with Visa remittance systems to enable private stablecoin payments for real-world use.