Payllet is a non-custodial payment system designed to make stablecoin transactions simple, secure, and gasless. By leveraging Account Abstraction (AA) technology, Payllet removes the complexities of blockchain interactions, allowing users to send and receive stablecoins without dealing with gas fees, private keys, or network switching.
Passkey Authentication & Self-Custody
Payllet replaces traditional private keys with passkey authentication, providing a more secure and user-friendly alternative. This eliminates the need for seed phrases while maintaining full self-custody of funds. Passkeys are already supported in Coinbase Wallet and will also be available in MetaMask, OKX, and Trust Wallet, ensuring compatibility across major wallets.
Additionally, Payllet introduces social recovery mechanisms, allowing users to link their passkey-based wallets to an Externally Owned Account (EOA) via Ethereum’s AA infrastructure. This ensures that users retain full control over their assets without relying on centralized recovery methods.
Cross-Chain Stablecoin Support
Payllet allows users to deposit stablecoins from different blockchains, automatically converting funds into the selected primary network for seamless usage. This eliminates manual bridging and network switching, making stablecoin transactions effortless.
Built for Real-World Payments
Unlike traditional wallets that focus primarily on asset storage and trading, Payllet is designed for everyday transactions. Users can send and receive stablecoins using human-readable usernames, eliminating the need to copy and paste complex wallet addresses.
The platform also supports peer-to-peer (P2P) payments, business transactions, and integrations with DeFi applications, enabling a frictionless experience for both individuals and businesses looking to leverage stablecoins as a practical payment method.
Integration With the Web3 Ecosystem
Payllet is designed to seamlessly interact with DeFi platforms, liquidity protocols, and on-chain applications, enabling a more connected and accessible blockchain experience. By standardizing smart contract execution through AA technology, Payllet simplifies integration for dApps while ensuring compatibility with lending protocols, decentralized exchanges, and prediction markets.
Most blockchain wallets require users to hold native tokens to pay for gas fees, making stablecoin transfers inconvenient. Payllet removes this barrier by enabling gasless transactions, allowing users to send and receive stablecoins instantly without needing any additional tokens. This makes stablecoins truly usable for everyday payments.
Users often receive stablecoins on different networks and must manually bridge them, leading to high fees and complex processes. Payllet automates cross-chain stablecoin conversions, ensuring that all deposits are seamlessly moved to the preferred network for easy transactions, without requiring users to interact with bridges or perform manual swaps.
Sending crypto typically requires long and complex wallet addresses, which are difficult to use and prone to errors. Payllet simplifies transactions by introducing human-readable usernames, making it easy to send and receive stablecoins without the risk of mistyped addresses.
Traditional wallets rely on private keys and seed phrases, which are difficult to manage and often lead to lost funds. Payllet integrates passkey authentication, allowing users to securely access their wallets without memorizing complex phrases, while still maintaining full self-custody.
Losing access to a wallet is one of the biggest risks in crypto. Payllet implements social recovery, allowing users to link their account to an Externally Owned Account (EOA), ensuring that they can always regain access to their funds without relying on centralized recovery options.
Using DeFi protocols often requires holding POL or other native tokens for gas fees, limiting accessibility. Payllet enables gasless staking, lending, and yield farming, allowing users to interact with DeFi applications without needing additional tokens, making participation seamless and frictionless.
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