Revolut Integrates Polygon for Stablecoin Remittances in the UK and EEA
- Revolut has partnered with Polygon Labs to enable crypto remittances in USDC, USDT, and POL.
- The integration allows over 65 million users across the UK and EEA to make near-instant transfers with minimal gas fees.
- Since December, Revolut has processed over $690 million in transactions using Polygon’s infrastructure.
- This is the first time users can send and receive USDC and USDT through Revolut on Polygon.
- Other institutions integrating with Polygon include Stripe, Flutterwave, and Reliance Jio.
This collaboration highlights the growing adoption of blockchain technology for financial services, aiming to simplify payments for everyday users while ensuring cost efficiency. The remittance product also covers non-EU countries within the EEA, reflecting regulatory considerations.
With this new feature, Revolut expands its offerings by enabling stablecoin transactions totaling over $690 million since late last year.(Source)
