Privacy: Competitive Advantage for PSPs
$3.3 Trillion transaction volume in 2026.
Stablecoin payments are scaling fast, and B2B drives this growth.
But this momentum comes with a tradeoff. Every dollar within that $3.26T moves across transparent rails that expose senders, recipients, amounts, and transaction patterns - publicly.
With hinkal, PSPs can settle confidentially and enable their merchants to execute payouts privately without changing their existing workflows.
Stablecoins are becoming a global payment infrastructure.
- $3.3T in stablecoin payments in 2026 so far
- Volume nearly doubled in 2025
- B2B payments grew 7× last year
But stablecoin settlements are public by default.
Every transaction reveals merchant balance and payment patterns:
- who pays
- who receives
- how much
- how often
This data becomes intelligence.
- counterparties negotiate higher prices
- competitors gain visibility into operations
Privacy could solve this.
If merchants keep confidential:
- balances
- sender wallet
- recipient wallet
- treasury activity
They gain a competitive edge.
But privacy usually means trade-offs:
- new wallets
- new chains
- new assets
- giving up custody
- sacrificing compliance
- expensive infrastructure
It doesn’t have to.
Hinkal Pay enables end-to-end confidential settlement.
- Sender
- Recipient
- Amount
- Balances
- Treasury activity
All private, without changing how merchants operate on-chain.
How it works in practice:
With simple integration, PSP adds a ‘Settle Confidentially’ toggle inside the dashboard
No changes to:
- Workflow
- Wallets
- Chains
- Assets
- Custody
How to Execute Confidential Settlement
- Connect any wallet at pay.hinkal.io
- Enter recipient wallet address
- Select token, amount, and chain
- Choose confidential settlement
Funds are stored in the Hinkal smart contract
The recipient:
- Connects the same wallet entered as the recipient at pay.hinkal.io
- Views and accesses their confidential balance
From the confidential balance, merchants can:
- Pay vendors
- Pay partners
- Pay affiliates
- Pay employees
Sender, recipient, and amount stay private on-chain.
Merchants can also send funds to any public wallet.
- Recipient is public
- Sender remains private
End-to-end confidential settlement for stablecoin payments
- Wallet-agnostic
- Chain-agnostic
- Self-custodial
Compliant by design
- Transactions screened via Chainalysis, high-risk addresses blocked prior to execution
- Selective disclosure via viewing keys enables auditability when required