The Rollup Is Crypto’s Biggest Payments Problem Solved? With Sid Gandhi
Jun 2, 2025
In this engaging conversation, Sid Gandhi, CEO and co-founder of PolyBase Labs, discusses his mission to empower users with true control over their money through Payy. He critiques traditional FinTech as merely a cosmetic upgrade. Sid sheds light on real issues like frozen payment accounts and financial inaccessibility. He reveals Payy’s innovative features such as gasless transactions and zero-fee on/off-ramping, aiming to transform how people manage and use their money in a more private and efficient manner.
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Venmo Account Freeze Story
- A leather craftsman's Venmo account was frozen, causing payment delays and financial stress.
- Such real-life stories expose critical failures in mainstream peer-to-peer payment platforms.
Crypto Faces Privacy Crisis
- Public blockchains expose transaction data that big tech can exploit for advertising and profiling.
- Crypto is at risk of its own privacy scandal akin to Cambridge Analytica if effective privacy isn't implemented.
Pay’s Privacy and UX Innovation
- Pay uses a UTXO model where transaction details stay on the device, sending only proofs on chain for privacy.
- Payment links allow sending money through existing communication apps, eliminating the need for a new social payments layer.