Revolut Taps Polygon for Crypto Remittances, Processing $690M Since Integration
Polygon Labs, originally founded as Matic Network, and Revolut announced a new partnership on Tuesday, allowing for crypto payments and remittances across Europe.
The initiative brings stablecoin-powered money transfers to Revolut’s 65 million users. Since the feature went live in December 2024, Revolut has processed more than $690 million in transactions on Polygon.
Revolut Adds USDC, USDT, and POL Transfers on Polygon
According to the firm, Revolut’s integration allows customers in the UK and the European Economic Area to send USDC, USDT, and POL via the Polygon network directly through the Revolut app. Transfers are expected to settle in seconds and incur minimal gas fees.
The partnership also expands Revolut’s broader crypto offering. POL, the native token of the Polygon ecosystem, is available for trading on Revolut and Revolut X, with in-app staking offering yields of up to 4% APY. The company’s fiat-to-crypto on-ramp, Revolut Ramp, now supports Polygon PoS, allowing users to move funds from bank accounts into Web3 wallets without relying on external exchanges.
Polygon Strengthens Leadership in Stablecoin Payments
The update builds on Polygon’s growing role as a backbone for global stablecoin activity. In the last 30 days, stablecoins on Polygon processed more than 153 million transactions, while the total supply of stablecoins on the network has climbed to $3.6 billion.
Revolut joins other institutions using Polygon for payments infrastructure, including Stripe, Reliance Jio, Flutterwave, DeCard by DCS, and others. The increasing number of enterprise integrations underscores confidence in Polygon’s performance and its suitability for regulated financial environments.
Industry Leaders Point to Real-World Utility
Marc Boiron, CEO of Polygon Labs, said the partnership reflects the broader vision of making blockchain-based transactions seamless for everyday users.
“By making blockchain payments invisible to the end user and integrating them into familiar financial experiences, we’re watching the future of finance take shape,” Boiron said.
As one of Europe’s largest consumer fintech platforms—with 14 million crypto users—Revolut’s integration indicates readiness among established financial players to embed blockchain capabilities directly into their core services.
A Foundation for Future Expansion Across Web3 and Finance
For Revolut, it represents the first phase of a broader multi-layered partnership, with additional Web3-enabled products and ecosystem announcements expected.
The companies see this collaboration as an important step toward improving global money movement, bridging the gap between Web2 financial services and Web3 infrastructure, and setting the stage for new applications in remittances, cross-border payments, and digital asset management.
The post Revolut Taps Polygon for Crypto Remittances, Processing $690M Since Integration appeared first on Cryptonews.
FAQs
Frequently Asked Questions
What is a Premium Domain Name? A premium domain name is the digital equivalent of prime real estate. It’s a short, catchy, and highly desirable web address that can significantly boost your brand's impact. These exclusive domains are already owned but available for purchase, offering you a shortcut to a powerful online presence. Why Choose a Premium Domain? Instant Brand Boost: Premium domains are like instant credibility boosters. They command attention, inspire trust, and make your business look established from day one. Memorable and Magnetic: Short, sweet, and unforgettable - these domains stick in people's minds. This means more visitors, better recall, and ultimately, more business. Outshine the Competition: In a crowded digital world, a premium domain is your secret weapon. Stand out, get noticed, and leave a lasting impression. Smart Investment: Premium domains often appreciate in value, just like a well-chosen piece of property. Own a piece of the digital world that could pay dividends. What Sets Premium Domains Apart? Unlike ordinary domain names, premium domains are carefully crafted to be exceptional. They are shorter, more memorable, and often include valuable keywords. Plus, they often come with a built-in advantage: established online presence and search engine visibility. How Much Does a Premium Domain Cost? The price tag for a premium domain depends on its desirability. While they cost more than standard domains, the investment can be game-changing. Think of it as an upfront cost for a long-term return. BrandBucket offers transparent pricing, so you know exactly what you're getting. Premium Domains: Worth the Investment? Absolutely! A premium domain is more than just a website address; it's a strategic asset. By choosing the right premium domain, you're investing in your brand's future and setting yourself up for long-term success. What Are the Costs Associated with a Premium Domain? While the initial purchase price of a premium domain is typically higher than a standard domain, the annual renewal fees are usually the same. Additionally, you may incur transfer fees if you decide to sell or move the domain to a different registrar. Can I Negotiate the Price of a Premium Domain?
In some cases, it may be possible to negotiate the price of a premium domain. However, the success of negotiations depends on factors such as the domain's demand, the seller's willingness to negotiate, and the overall market conditions. At BrandBucket, we offer transparent, upfront pricing, but if you see a name that you like and wish to discuss price, please reach out to our sales team.
How Do I Transfer a Premium Domain?
Transferring a premium domain involves a few steps, including unlocking the domain, obtaining an authorization code from the current registrar, and initiating the transfer with the new registrar. Many domain name marketplaces, including BrandBucket, offer assistance with the transfer process.Further reading
