BenPay launches native privacy payment feature, supporting end-to-end encryption and distributed signatures

Odaily Planet Daily News: The one-stop on-chain financial platform BenPay has released version 1.6.6 of its mini-program, launching a native privacy payment feature. This capability is based on the BenFen native privacy payment public chain, providing end-to-end encryption at the protocol level for accounts, balances, and transaction paths. In collaboration with State Labs, BenPay adopts Move VM enhancement, MPC, and TSS threshold signatures to enable distributed execution of the signing and authorization process, ensuring that private keys are never exposed in plaintext and maintaining a seamless, second-level interaction experience. Function-wise, users can create a privacy wallet with one click and convert assets such as stablecoins into “privacy coins” for payments and receipts. This is suitable for high-privacy scenarios such as large transfers, batch payments, and payroll distribution. The DeFi Earn tool within the BenPay App also provides an aggregated entry point for blue-chip protocols across multiple chains and supports direct deposit and withdrawal of USDT/USDC on multiple chains, enabling users to manage asset allocation and liquidity within the same application after making privacy payments.