BenPay on BenFen Chain: Building a Mainstream Web3 Payment Ecosystem with Privacy as the Foundation

For Web3 payments to truly enter the mainstream, it is essential not only to address issues of “efficiency and cost” but also to restore users’ control over the “privacy boundaries of their digital identities.” In other words, privacy is a prerequisite for payments to achieve mass adoption, not merely an optional technical enhancement.

BenFen Chain’s private payment system is designed precisely to address this core challenge. Built on the BenFen Chain ecosystem, BenPay enables users to leverage the BenPay Card for daily small-value payments—such as dining, subscriptions, transportation, and online purchases—making stablecoin payments more accessible and seamlessly integrated into everyday life. The system uses advanced MPC technology to automatically conceal transaction details, including amounts, times, recipient information, and address correlations across transactions. Additionally, BenFen Chain introduces a “selective disclosure mechanism” that allows users to grant limited transaction visibility to merchants or regulators when necessary, enabling a “verifiable yet untraceable” payment experience.