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

Revolut, a major European fintech, has partnered with the Ethereum scaling network Polygon to enhance crypto remittances and stablecoin payments through its app. Since Polygon's integration into Revolut last December, the network has facilitated nearly $700 million in trading volume. This collaboration allows Revolut's customers in the UK and the European Economic Area to send crypto remittances using stablecoins USDC and USDT, and trade POL, Polygon's native token. Polygon Labs CEO Marc Boiron emphasized that this partnership showcases the practical benefits of blockchain technology in everyday financial transactions. He noted that the seamless integration aims to offer faster and more cost-efficient payment solutions. Aishwary Gupta, Polygon's global head of payments, highlighted the importance of compliance with evolving regulations, indicating a commitment to demonstrating the potential of blockchain payments to lawmakers.

Source 🔗