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Polygon developers have unveiled a solution that allows companies to conduct stablecoin transactions confidentially. Transfers can now be hidden from prying eyes thanks to integration with the Hinkal privacy protocol.
How it works:
— Transactions are processed through a secure pool
— Zero-knowledge proof technology is used
— The sender, recipient, and amount remain hidden
— The transaction itself is confirmed on the blockchain
Each transaction undergoes KYT (Know Your Transaction) verification before execution, adding a layer of compliance.
Important:
Polygon emphasizes that the solution is non-custodial—funds are not stored or controlled by third parties.
Why this is important:
Large businesses have long avoided public blockchains due to their transparency. This new solution could change the situation—the combination of privacy, speed, and lower fees makes USDC and USDT payments more attractive than traditional bank transfers.
Polygon appears to be targeting the mass adoption of blockchain in the corporate sector
How it works:
— Transactions are processed through a secure pool
— Zero-knowledge proof technology is used
— The sender, recipient, and amount remain hidden
— The transaction itself is confirmed on the blockchain
Each transaction undergoes KYT (Know Your Transaction) verification before execution, adding a layer of compliance.
Important:
Polygon emphasizes that the solution is non-custodial—funds are not stored or controlled by third parties.
Why this is important:
Large businesses have long avoided public blockchains due to their transparency. This new solution could change the situation—the combination of privacy, speed, and lower fees makes USDC and USDT payments more attractive than traditional bank transfers.
Polygon appears to be targeting the mass adoption of blockchain in the corporate sector
