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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…
