Yes.
If you would like to save the user the trouble of entering data twice for two separate and consecutively filed out Gravity Forms on your site and one form passes data to another, using a few of the tools available to you it is very possible to pass the data encrypted for most simple single input field types. The second form should likely have the field hidden and/or read-only so that the user cannot modify or see the value as it is an unreadable encrypted string, and it is just passed along to be included on the second form already encrypted. You can accomplish this with the following:
1. Unlock an encrypted merge tag “{gfef_encrypt_FIELD ID}” on the settings page and use it to pass the data in a parameter via query string in gravity forms built in “Pass Field Data Via Query String” functionality for the form confirmation.
2. You should have the first forms field encryption turned on to store the original value encrypted in the database.
3. On the second form use Gravity Forms built in “dynamic population” to grab the query parameter and populate the second forms field with the already encrypted string.
4. Since the sting in the second form is ALREADY encrypted, you should not turn encryption on for the field, but instead turn on the “Hide field value”. It will be stored as an encrypted string as is, and all you need is view permissions to the field within the fields “User/Role View Permission” or the settings page “User/Role Access List”, and it will be automatically decrypted and readable for you just like any other field with encryption on, and users without view permissions will see the “Hide Value Restricted Display”.