Revolut, Europe’s largest neobank with more than 65 million customers across 38 countries, has recorded over $690 million in transaction volume on the Polygon blockchain since integrating the network for stablecoin transfers, payments, and trading — marking one of the clearest signs yet of mainstream adoption of layer-2 blockchain technology.

The integration allows Revolut’s 14 million crypto-enabled users to send and receive USDC and USDT stablecoins over Polygon at near-zero cost, pay for everyday purchases using Revolut’s crypto card backed by stablecoins, trade and stake POL (Polygon’s native gas and staking token), and instantly convert crypto back to fiat directly inside the app.

Key features now live for opt-in Revolut users include:

• Instant, low-cost transfers of USDC and USDT on Polygon (Polygon hosts more than $3.5 billion in stablecoin supply and growing)
• Spending stablecoins anywhere Revolut cards are accepted via the in-app crypto card
• Direct trading and staking of POL within the Revolut interface
• Native fiat on- and off-ramps for frictionless entry and exit

The partnership represents the first phase of an ongoing collaboration between Revolut and Polygon Labs.

Read More:
https://polygon.technology/blog/revolut-chooses-polygon-as-go-to-crypto-rails-for-payments-trading-and-staking-processing-690m-to-date