Revolut, Europe’s neobank and reportedly one of the world’s fastest-growing fintech platforms, has integrated with Polygon for stablecoin transfers, payments, and trading. By November of this year, more than $690 million in volume was reportedly processed via Polygon in the Revolut app.
With (reported) 65 million+ users across 38 different countries, Revolut’s integration marks a key milestone, enabling users who opt-in to send and receive money via Polygon’s rails without “high-fees or the silo of borders. Native on- and off-ramps in the Revolut app ensure seamless user experience.”
In the Revolut app, users can:
- Send and receive stablecoins (USDC and USDT) over Polygon: With $3.5B and growing in stablecoin supply, Polygon is the thoroughway for low cost stable transfers in crypto. Polygon unlocks the familiarity of traditional financial systems with the low-cost, fast-finality of web3.
- Pay using a Revolut crypto card: Revolut’s in-app crypto card lets users pay for everyday purchases with stablecoins
- Trade and stake POL, the gas and staking token for Polygon: Users can directly stake or trade POL through the Revolut app
- Offramp to fiat directly within Revolut: Making global payments more seamless than ever
The initial phase of this collab continues to make steady progress.
Revolut’s integration marks a step forward in Web3 adoption, embedded directly into Revolut’s app.
Revolut claims it has 14 million crypto users, indicating Polygon’s readiness for mainstream financial services.
The latest Fintech integration reinforces Polygon’s role as the blockchain for enterprise payments and stablecoins.
Revolut joins other institutions, enterprises, and governments selecting Polygon as crypto money rails, such as:
- Mastercard, with Mercuryo, to bring verified usernames to self-custody wallets
- Stripe, with a majority of volume coming on Polygon and selecting
- Polygon as first choice for new developments, like recurring subscriptions
- Flutterwave, a cross-border money and payments infrastructure, selecting Polygon as the default chain
- DeCard, enabling instant USDC and USDT0 payments 150M+ merchants globally, on Polygon
- As well as WorldPay, Reliance Jio, NRW.BANK and Cashlink, BlackRock and Securitize, and many others integrating payments and RWAs
Polygon brings blockchain rails to institutions, enabling digital transactions daily with an average relatively low fees.
Revolut’s integration with Polygon comes right after the global network’s most significant payments-centered upgrade.
The Rio upgrade for payments reportedly made Polygon more reliable, enabling 5,000 transactions per second with “near-instant finality and eliminating the risk of reorgs.”
This means Revolut users are now able to move funds on rails that settle as fast as messages, leveraging Polygon as the blockchain for global payments.
Revolut x Polygon potentially sets the stage for additional collabs in cross-border payments, remittances, as well as the convergence of traditional and decentralized finance.