Houdini Pay lets users send and receive crypto without revealing their wallet address.
- Supports over 4,000 digital assets across multiple blockchains
- Payment links are permanent but cannot be changed
- Service maintains compliance with AML rules and stores metadata
New Feature for Private Crypto Payments
Houdini Pay is a tool that lets users receive crypto without showing their own wallet address. The service works by creating a payment link. It supports more than 4,000 digital assets, and users can choose which coin they want to receive. The sender’s payment is changed into the receiver’s preferred asset during the process. This breaks the onchain link between sender and receiver. So, nobody can trace where the money came from or went to just by looking at the blockchain.
How It Works and Fees Involved
When someone uses Houdini Pay, only the sender pays the fee. This happens through the Houdini Swap exchange aggregator. The recipient gets the full amount they asked for. The payment link has a set amount and cannot be changed. But the link never runs out and can be used again and again.
Not Complete Anonymity
This service is not completely private. Houdini and its partners keep records of wallet addresses, coins used, how much was sent, and IP addresses. If something suspicious is noticed, more personal info might be asked due to Anti-Money Laundering (AML) rules. The company says the system is legal and doesn’t hold user funds.
Why Privacy Still Matters
Even with rules in place, Houdini says privacy is still important. With public wallet addresses, anyone can see income, spending, and activity. This can cause problems. For example, clients may pay freelancers less after seeing how much crypto they’ve earned. Competitors could copy business moves by watching payments. Some people are even targeted in real-world attacks because their crypto holdings are easy to find. France is now talking with crypto experts to improve safety following a recent kidnapping incident involving a crypto executive’s family.
Other Privacy Options
For users who want strong onchain privacy, Houdini suggests looking into tools like zkBob. It uses zero-knowledge proofs to fully hide the sender, receiver, and amount. But zkBob supports only Ethereum (ETH), USDt (USDT), and USDC. Houdini offers more coins but less cryptographic privacy.
Source: cointelegraph.com
