Revolut Taps Polygon for Crypto Remittances, Processing $690M Since Integration

Polygon Labs, initially based as Matic Network, and Revolut introduced a brand new partnership on Tuesday, permitting for crypto funds and remittances throughout Europe.

The initiative brings stablecoin-powered cash transfers to Revolut’s 65 million customers. Since the characteristic went stay in December 2024, Revolut has processed greater than $690 million in transactions on Polygon.

Revolut Adds USDC, USDT, and POL Transfers on Polygon

According to the agency, Revolut’s integration permits prospects within the UK and the European Economic Area to ship USDC, USDT, and POL through the Polygon community straight by way of the Revolut app. Transfers are anticipated to settle in seconds and incur minimal gasoline charges.

The partnership additionally expands Revolut’s broader crypto providing. POL, the native token of the Polygon ecosystem, is out there for buying and selling on Revolut and Revolut X, with in-app staking providing yields of as much as 4% APY. The firm’s fiat-to-crypto on-ramp, Revolut Ramp, now helps Polygon PoS, permitting customers to maneuver funds from financial institution accounts into Web3 wallets with out counting on exterior exchanges.

Polygon Strengthens Leadership in Stablecoin Payments

The replace builds on Polygon’s rising function as a spine for international stablecoin exercise. In the final 30 days, stablecoins on Polygon processed greater than 153 million transactions, whereas the overall provide of stablecoins on the community has climbed to $3.6 billion.

Revolut joins different establishments utilizing Polygon for funds infrastructure, together with Stripe, Reliance Jio, Flutterwave, DeCard by DCS, and others. The rising variety of enterprise integrations underscores confidence in Polygon’s efficiency and its suitability for regulated monetary environments.

Industry Leaders Point to Real-World Utility

Marc Boiron, CEO of Polygon Labs, stated the partnership displays the broader imaginative and prescient of constructing blockchain-based transactions seamless for on a regular basis customers.

“By making blockchain funds invisible to the tip consumer and integrating them into acquainted monetary experiences, we’re watching the way forward for finance take form,” Boiron stated.

As considered one of Europe’s largest client fintech platforms—with 14 million crypto customers—Revolut’s integration signifies readiness amongst established monetary gamers to embed blockchain capabilities straight into their core companies.

A Foundation for Future Expansion Across Web3 and Finance

For Revolut, it represents the primary part of a broader multi-layered partnership, with extra Web3-enabled merchandise and ecosystem bulletins anticipated.

The corporations see this collaboration as an essential step towards bettering international cash motion, bridging the hole between Web2 monetary companies and Web3 infrastructure, and setting the stage for new purposes in remittances, cross-border funds, and digital asset administration.

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