zPayy Introduces Encrypted Payment Layer for Public Blockchains
A new blockchain payments application called zPayy is being developed to enable confidential financial transactions on public blockchains, addressing long-standing concerns about transparency and data exposure in crypto networks.
Public blockchains such as Ethereum are designed to provide full transaction visibility, allowing anyone to track wallet balances, transfers, and treasury activity. While this transparency strengthens security and accountability, developers argue it creates challenges for businesses and individuals who require financial privacy.
https://t.co/fnDyZJQbdi
— chriswilder.eth (@realchriswilder) March 16, 2026
Transaction encryption converts sensitive payment data into unreadable code during transmission to prevent unauthorized access, while Layer-1 encryption secures all communication traffic at the optical transport layer using advanced public key-exchange algorithms, ensuring data remains undecipherable to network intruders.
New wallet aims to bring privacy to on-chain transactions
The zPayy project aims to solve that problem by introducing encrypted balances and confidential transfers while still operating on public blockchain infrastructure. The mobile wallet, currently under development for iOS and Android devices, will allow users to hold and transfer shielded tokens such as confidential versions of stablecoins and other digital assets.
According to the development team, the platform will support encrypted peer-to-peer payments, private payroll distribution, and batch transactions without exposing balances or transaction details to the public ledger.
Fully homomorphic encryption powers confidential transactions
The privacy model behind zPayy is built on Fully Homomorphic Encryption (FHE), a cryptographic technique that allows computations to be performed on encrypted data without revealing the underlying information.
The wallet leverages infrastructure developed by Zama, known as the fhEVM, which enables developers to run smart contracts on encrypted balances while maintaining compatibility with existing Ethereum development tools. Through this system, blockchain validators process transactions without seeing the actual wallet balances.
Developers say the approach differs from earlier privacy solutions such as mixers or privacy-focused blockchains, which often face regulatory scrutiny or require users to move assets to separate networks.
The project’s roadmap includes confidential token balances, mobile-first wallet functionality, and tools designed for organizations that need privacy in treasury management or payroll distribution.
In another blockchain news, the TRON network has joined the Agentic AI Foundation (AAIF), signalling a deeper move into the growing intersection of blockchain and artificial intelligence.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US PPI report to test Bitcoin, gold and Nasdaq as December rate hike looms
Nvidia falls to its lowest valuation in 14 years! "Super bull" Tom Lee calls for bottom fishing, retail investors are buying more as it drops, but Wall Street is divided
After the market opened on Thursday, retail investors went against the trend and bought up Nvidia, with net purchases reaching $111 million in just half an hour, setting a record for the same period. Investors such as Tom Lee have publicly supported the company, with institutions optimistic about strong order backlogs extending to 2028, robust revenue growth, and opportunities created by declining valuations. Meanwhile, institutions like Bernstein and Goldman Sachs have become more cautious about Nvidia's outlook, with concerns focusing on management succession and technological leadership following Jensen Huang's departure.
Jane Street boosts Fidelity Bitcoin ETF stake 8x in Q3, trims BlackRock IBIT
From SpaceX to Anthropic, the market has new strategies for dealing with tech giants' IPOs
The market's response strategies to major listings are currently centered around "index inclusion expectations": the new regulations allow mega IPOs to be included in the six major indices within 15 days, triggering concentrated buying by passive funds. Investors are positioning themselves in advance and using options to hedge and amplify buying power. However, Anthropic has a free float of only about 6%; shares available for sale by employees on the first day and privately placed shares with no lock-up period may create supply pressure. On the other hand, index arbitrageurs are facing a rare opportunity.
Crypto prices
More
