Aztec Labs Revives Private Payments Wallet zk.money on Ethereum

Aztec Labs has relaunched its zk.money wallet, which allows users to make private crypto payments on the Ethereum network.

The wallet runs on Aztec Network, a Layer 2 network that hides payment amounts, balances and recipients from public view. Users can deposit DAI, USDC and USDT, with USDC and USDT converted into DAI upon entry.

Deposits, payments and withdrawals are capped at $2,500 each, with a shared daily deposit limit of $50,000 across all users. This is due to the system still being experimental and using untested cryptography.