Supposedly they are years behind bitbay in development. I heard they tried to reverse engineer the bithalo technology that David developed before when they were Shadowcash, but ended up failing. Whats sad is that none of that seems to matter as they're got active marketing and are 4-5x times bitbay's marketcap currently.
I think bitbay seriously needs a rebrand and a professional marketing firm like the one NEO used to catapult themselves. After rolling peg this should seriously be given some consideration. I just googled bitbay and the top 4 newsarticles were releases for bitbay.net. This is seriously confusing to potential investors or anyone coming into the space.
It is unfortunate that the bells and whistles and all these marketing gimmicks seem to be enough to convince people. Newer cryptocurrencies with far less potential compared to Bitbay have high valuations.