Polygon News: Europe’s Revolut Taps Polygon Network for Zero-Fee Stablecoin Payments After $690M Activity

Europe’s largest fintech, Revolut, has integrated Polygon network as its primary infrastructure for stablecoin transfers, trading, and POL staking, following over $690 million in processed volume.

Europe’s financial technology powerhouse, Revolut, has formally integrated the Polygon blockchain network. This cornerstone collaboration makes Polygon the prime infrastructure for stablecoin transfers, payments, trading, and staking. The integration has been successfully introduced in 38 countries.

The move follows a period of successful collaboration between the two firms. Since December 2024, the Revolut app has had a total transaction volume of more than $690 million through the Polygon network. This high level of activity is a clear demonstration of Polygon’s ability to underpin the mainstream financial services at scale.

Zero-Fee Transfers Unlock Mass Market Utility

Specifically, the integration enables Revolut’s user base of more than 14 million crypto users to access the benefits of the network to the fullest extent. Users will now be able to send and receive stablecoins like USDC and USDT on Polygon’s cost-effective rails.

The partnership is currently responsible for gas fees required for eligible transactions. As a result, stablecoin remittances get made effectively free for users. This is an important feature that eliminates a significant current roadblock for the global mass adoption of blockchain payments.

Related Reading: Polygon News: Mastercard, Polygon Launch Verified Alias System to Simplify Self-Custody Crypto Transfers | Live Bitcoin News

In addition, the integration brings several new native digital asset services directly within the Revolut app. Users can now easily trade and stake Polygon’s native token, called the Polygon (TOK) directly in the app’s interface.

The on- and off-ramps seamlessly are fiat, which makes the overall user experience much easier. Furthermore, Revolut users can spend their everyday purchases in stablecoins by using the Revolut crypto card. This development adds a significant increase in the real-world utility of digital assets.

Polygon Network Technical Upgrades Support Global Payment Solution

Sandeep, who is the CEO of Polygon Foundation emphasized the ease of access that this gives. He stressed that Revolut users are now fundamentally “on Polygon.” Therefore, barriers to staking, and investing and spending money are now much lower.

Source: X

This collaboration puts Revolut in the company of a growing list of Traditional Finance (TradFi) leaders. These large institutions are enthusiastically adopting blockchain technology to facilitate real-world use cases. This is reportedly to be the first phase of a larger, long-term partnership.

Polygon great performance improvements secured its role as the preferred payment solution. The network’s “Rio” upgrade achieved a significant increase of transaction speed significantly. Finality is now close to safety with processing speeds up to 5,000 transactions per second.

Due to this high speed and reliability, the network became very attractive for handling global payment solutions. In addition, the collaboration is poised to power the next generation of instantaneous, borderless transmission of money. The high volume of transactions already done proves the strong demand from users.

Revolut’s move bolsters Polygon’s role in global payments. The integration provides fast and low cost transfers for the millions of users. It also enhances the use of stablecoins in the real world. This partnership indicates growing demand for blockchain in everyday finance. It is a significant move towards accessible digital payments for the world.

The post Polygon News: Europe’s Revolut Taps Polygon Network for Zero-Fee Stablecoin Payments After $690M Activity appeared first on Live Bitcoin News.