Revolut & Polygon Partner for Crypto Remittances

Revolut, a European digital bank with 65 million users, partners with Polygon to enable crypto remittances and stablecoin payments via the Revolut app. This collaboration, initiated in December, has already processed $690 million in trading volumes. Users can send crypto remittances using stablecoins like USDC, USDT, and POL, Polygons native token. Trading for POL is also available within the app. Marc Boiron, Polygon Labs CEO, emphasizes the real-world application of blockchain technology for everyday users. Revolut, which halted crypto trading for US users due to regulatory concerns, recently secured a MiCA license in Cyprus, potentially paving the way for their own stablecoin. This partnership reflects a broader trend of financial institutions embracing blockchain technology to enhance services and navigate evolving regulations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.