Revolut Partners with Polygon Labs for Stablecoin Remittances
- Revolut has integrated with Polygon to enable stablecoin remittances in USDC and USDT, as well as POL transfers.
- The integration allows near-instant transactions for customers in the UK and European Economic Area (EEA).
- Revolut is Europe’s largest fintech, serving over 65 million users across 38 countries.
- The announcement was made by Polygon Labs on November 18, highlighting Revolut’s commitment to enhancing financial services through blockchain technology.
This integration marks a significant step in leveraging blockchain for efficient financial transactions, particularly in the realm of stablecoin remittances within Europe.
By partnering with Polygon, Revolut aims to provide its extensive user base with faster and more cost-effective transaction options using stablecoins like USDC and USDT, thereby enhancing their cross-border payment capabilities. Source
