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

Polygon Labs, originally founded as Matic Network, and Revolut announced a new partnership on Tuesday, allowing for crypto payments and remittances across Europe.The initiative brings stablecoin-powered money transfers to Revolut’s 65 million users. Since the feature went live in December 2024, Revolut has processed more than $690 million in transactions on Polygon. Revolut Adds USDC, USDT, and POL Transfers on PolygonAccording to the firm, Revolut’s integration allows customers in the UK and the European Economic Area to send USDC, USDT, and POL via the Polygon network directly through the Revolut app. Transfers are expected to settle in seconds and incur minimal gas fees.The partnership also expands Revolut’s broader crypto offering. POL, the native token of the Polygon ecosystem, is available for trading on Revolut and Revolut X, with in-app staking offering yields of up to 4% APY. The company’s fiat-to-crypto on-ramp, Revolut Ramp, now supports Polygon PoS, allowing users to move funds from bank accounts into Web3 wallets without relying on external exchanges.Polygon Strengthens Leadership in Stablecoin PaymentsThe update builds on Polygon’s growing role as a backbone for global stablecoin activity. In the last 30 days, stablecoins on Polygon processed more than 153 million transactions, while the total supply of stablecoins on the network has climbed to $3.6 billion. Revolut joins other institutions using Polygon for payments infrastructure, including Stripe, Reliance Jio, Flutterwave, DeCard by DCS, and others. The increasing number of enterprise integrations underscores confidence in Polygon’s performance and its suitability for regulated financial environments.Industry Leaders Point to Real-World UtilityMarc Boiron, CEO of Polygon Labs, said the partnership reflects the broader vision of making blockchain-based transactions seamless for everyday users. “By making blockchain payments invisible to the end user and integrating them into familiar financial experiences, we’re watching the future of finance take shape,” Boiron said.As one of Europe’s largest consumer fintech platforms—with 14 million crypto users—Revolut’s integration indicates readiness among established financial players to embed blockchain capabilities directly into their core services.A Foundation for Future Expansion Across Web3 and FinanceFor Revolut, it represents the first phase of a broader multi-layered partnership, with additional Web3-enabled products and ecosystem announcements expected.The companies see this collaboration as an important step toward improving global money movement, bridging the gap between Web2 financial services and Web3 infrastructure, and setting the stage for new applications in remittances, cross-border payments, and digital asset management.The post Revolut Taps Polygon for Crypto Remittances, Processing $690M Since Integration appeared first on Cryptonews.