{"id":25905,"date":"2025-08-07T13:11:27","date_gmt":"2025-08-07T10:11:27","guid":{"rendered":"https:\/\/forklog.com\/en\/former-apple-engineer-launches-payy-visa-card-for-private-crypto-transactions\/"},"modified":"2025-08-07T13:11:27","modified_gmt":"2025-08-07T10:11:27","slug":"former-apple-engineer-launches-payy-visa-card-for-private-crypto-transactions","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/former-apple-engineer-launches-payy-visa-card-for-private-crypto-transactions\/","title":{"rendered":"Former Apple Engineer Launches Payy Visa Card for Private Crypto Transactions"},"content":{"rendered":"<p>The team at Polybase Labs has unveiled the Payy Visa card, which allows users to spend stablecoins without revealing transaction data on public blockchains.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">introducing payy card \u2014 spend stablecoins privately \ud83e\udd2b<\/p>\n<p>\u2022 undoxxable non-custodial card using ZK for privacy<br \/>\u2022 physical card with light-up logo (limited quantity)<br \/>\u2022 easy setup and deposit USDC\/crypto<br \/>\u2022 soon: spend-to-earn points program <a href=\"https:\/\/t.co\/GeNMwckUmo\">pic.twitter.com\/GeNMwckUmo<\/a><\/p>\n<p>\u2014 Payy (@payy_link) <a href=\"https:\/\/twitter.com\/payy_link\/status\/1953093856326762639?ref_src=twsrc%5Etfw\">August 6, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This is achieved through zero-knowledge proofs and a proprietary distributed ledger.<\/p>\n<p>Sid Gandhi, co-founder of the project and a former Apple engineer, believes that open access to transaction and balance information renders financial services irresponsible and unethical.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cEither I\u2019m crazy, or everyone else is, because you can\u2019t build a financial system without the fundamental pillar of privacy,\u201d he stated in an interview with <\/em><a href=\"https:\/\/www.coindesk.com\/business\/2025\/08\/06\/ex-apple-engineer-unveils-privacy-focused-crypto-visa-card\"><em>CoinDesk<\/em><\/a><em>, head of Polybase Labs.<\/em><\/p>\n<\/blockquote>\n<p>Gandhi revealed that the team spent two years building a second-layer payment network from scratch. According to him, developers dismissed EVM-compatible solutions, deeming them unsuitable for private payments.<\/p>\n<p>When using the card, ZK-proofs confirm authorization. The transaction in the Payy network then deducts the amount from the user&#8217;s wallet for settlement with Visa.<\/p>\n<p>The developers drew inspiration from networks like <a href=\"https:\/\/forklog.com\/en\/news\/monero-zcash-and-dash-how-the-three-privacy-veterans-are-faring\">Zcash, Monero<\/a>, and Aztec. Unlike these, Payy was designed from the outset to comply with regulatory requirements such as <span data-descr=\"anti-money laundering\" class=\"old_tooltip\">AML<\/span>. Gandhi noted that other privacy technologies do not inherently incorporate regulatory compliance.<\/p>\n<p>He also claims that his card offers the simplest registration process and the most user-friendly interface on the market.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cI\u2019ve tried everything. Even my advanced friends, who aren\u2019t into crypto, could never use any of the existing solutions. Our philosophy is that the product should be convenient for everyone,\u201d he said.<\/em><\/p>\n<\/blockquote>\n<p>The Polybase Labs project has secured funding from Robot Ventures, DBA Crypto, 6th Man Ventures, Orange DAO, Protocol Labs, and others.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cPayy has finally created a true alternative to consumer banking. Now you can store and spend stablecoins privately, without even knowing they\u2019re on the blockchain. And it just works,\u201d said Robot Ventures partner Robert Leshner.<\/em><\/p>\n<\/blockquote>\n<p>In April, Kraken <a href=\"https:\/\/forklog.com\/en\/news\/kraken-and-mastercard-to-launch-cryptocurrency-debit-cards\">partnered<\/a> with the payment system Mastercard to issue physical and digital crypto debit cards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The team at Polybase Labs has unveiled the Payy Visa card, which allows users to spend stablecoins without revealing transaction data on public blockchains. introducing payy card \u2014 spend stablecoins privately \ud83e\udd2b \u2022 undoxxable non-custodial card using ZK for privacy\u2022 physical card with light-up logo (limited quantity)\u2022 easy setup and deposit USDC\/crypto\u2022 soon: spend-to-earn points [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1198,1256,807],"class_list":["post-25905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-payments","tag-privacy-and-personal-data","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"260","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=25905"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/25904"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=25905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=25905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=25905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}