The “Venmo” for Crypto: Across Unlocks Crosschain Deposits on Payy

TL;DR: Payy has integrated Across to enable seamless, fast, and secure crosschain crypto deposits. Payy is a user-friendly P2P payment app built on its own privacy-first zk-rollup, offering instant, free, and private USDC payments. Across enables users to effortlessly deposit USDC from Ethereum, Arbitrum, Base, and Avalanche. Future updates will add support for BTC, ETH, and a debit card feature, bridging crypto with traditional finance. Download Payy now on the Apple App Store or Google Play.

Crypto is money—not just an investment.

So, why aren’t people spending it?

In 2023, popular P2P payment apps, such as Zelle, Venmo, CashApp, and others, held a cumulative value of $3.2 trillion. This figure is expected to reach $13 trillion by 2032 with the majority of this value held in the mobile app-based market segment. The demand for P2P payments is real, so why aren’t people paying with crypto?

Despite the growing adoption of digital assets, using crypto as a practical means of payment remains challenging. Complicated interfaces, slow transactions, and high fees often deter people from using their crypto holdings for daily transactions.

But things are about to change forever, thanks to Across and Payy.

Payy is on a mission to redefine crypto payments. Their mobile app is designed to offer instant, free, and fully private transactions—similar to Venmo but powered by crypto. It is built on its own app-specific zk-rollup chain, the Payy Network, specifically optimized for private USDC payments.

Payy is transforming crypto payments with a sleek, user-friendly app for instant, free, and fully private transactions. Built on its own zk-rollup chain, the Payy Network, it’s optimized for private USDC payments and functions like a crypto-powered Venmo. The app is permissionless, so users control their assets, maintaining access with their keys even if Payy were to disappear.

With no transaction fees, simplified wallet management, and a clean UI with fiat ramps, Payy ensures easy onboarding and full regulatdory compliance under the hood. It supports direct deposits from Apple Pay, Coinbase, and other crypto exchanges, appealing to both crypto-native and mainstream users.

Payy has solved the first half of the equation by providing a privacy-first payment app for crypto users. Unfortunately, there is still a problem: How do users deposit funds from different blockchains?

The rapidly expanding Layer 2 landscape has helped Ethereum scale but has simultaneously caused drastic liquidity fragmentation. Many crypto users hold their funds across different chains and need a way to make crosschain payments.

This is where Across comes in.

Payy has integrated Across to enable crosschain crypto deposits. With only one click, you can deposit USDC from Ethereum, Arbitrum, Base, and Avalanche straight into your Payy account—and you can do it with the speed, cost-efficiency, and security of a modern payment app.

The best part? It’s fast, free, and secure.

Thanks to Across’ unique Intents-based architecture, crosschain transactions execute in seconds, and Payy users do not need to pay any fees. Plus, Across is secured by UMA’s Optimistic Oracle, where every transaction is validated by decentralized participants, ensuring that funds are secure and transfers are reliable.

Payy’s vision is to make paying with crypto as simple as using Venmo, and we’ve helped them take the first step. Together, we’re laying the foundation for a new era of crypto payments.

Along with the features and benefits mentioned above, Payy is planning a series of updates that include adding support for holding BTC, ETH, and other blue-chip assets as core positions within the app. This will enable users to treat Payy as a full-fledged crypto bank, holding a diversified portfolio of assets while still being able to spend and transfer with ease.

The integration also sets the stage for Payy’s upcoming debit card, which will allow users to convert their crypto into fiat and spend it anywhere debit cards are accepted. With this feature, Payy is bridging the gap between crypto and traditional finance, making spending crypto in the real world easier than ever.

Ready to pay with crypto?

Payy is available to download on both the Apple App Store and Google Play. Built with crypto-native functionality, the app is fully compatible with mobile devices from anywhere in the world.

Payy is one of many projects using Across, and you can too. Whether you want to build in-app bridging or embed 1-click crosschain actions straight into your dApp’s UI, Across has you covered.

Reach out to our team here to learn more about our custom tailored interop solutions.