European Bank Revolut Taps Ethereum Network Polygon for Remittances, Stablecoin Payments

Revolut, a major European fintech firm, has partnered with Polygon to facilitate crypto remittances and stablecoin payments through its app. Since integrating Polygon in December, the network has processed nearly $700 million in trading volume. This collaboration enables Revolut's users in the UK and European Economic Area to transact using stablecoins like USDC and USDT, as well as POL, the native token of Polygon. Aishwary Gupta of Polygon highlights the infrastructure's compliance with evolving regulations, showcasing how fintech can meet legislative standards while exploiting blockchain's potential. The partnership aims to improve user experiences by making blockchain payments seamless and efficient, reflecting a significant step forward in integrating traditional finance with blockchain technologies.

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