• Revolut users can now send crypto remittances in stablecoins like USDC and USDT via the Polygon network, settling in seconds with minimal fees.

• Polygon’s native token POL is available for trading and staking on Revolut, offering up to 4% APY yields.

• Over 153 million stablecoin transactions have surged on Polygon in the last 30 days, highlighting growing adoption for cross-border payments.

Discover how Revolut’s Polygon integration revolutionizes crypto remittances with stablecoins and low fees. Explore faster, cheaper global payments for UK and EEA users today.

What is the Revolut Polygon Integration?

Revolut Polygon integration allows Revolut’s vast user base to leverage Polygon’s Ethereum scaling network for efficient crypto remittances and stablecoin payments directly through the app. Launched last December, this partnership has already driven over $690 million in trading volumes, enabling users in the UK and European Economic Area to transfer funds using stablecoins like USDC and USDT, as well as Polygon’s native token POL. Transactions settle in seconds with minimal gas fees, bridging traditional finance and blockchain for everyday use.

This collaboration underscores Polygon’s focus on real-world applications, making blockchain payments accessible without technical barriers. Revolut, a leading European fintech with more than 65 million users across 160 countries, integrates Polygon’s sidechain via Revolut Ramp, simplifying fiat-to-crypto onboarding. As a result, users can trade POL, stake for yields up to 4% APY, and move funds to Web3 wallets effortlessly.

Polygon Labs’ CEO, Marc Boiron, emphasized the practical impact, stating that this integration represents the utility they’ve built for everyday people. By embedding blockchain into familiar payment experiences, it delivers superior speed and cost efficiency, aligning with broader trends in fintech evolution.

How Does Revolut’s Polygon Partnership Enhance Crypto Remittances?

The Revolut Polygon partnership transforms crypto remittances by enabling free, instant transfers of funds through the Revolut app. Customers in supported regions can send stablecoins USDC and USDT, or POL, across borders with settlement times under seconds and negligible fees, far surpassing traditional remittance services that often charge high percentages and take days to process.

Supporting data from on-chain analytics shows a surge in activity: Polygon’s network handled over 153 million stablecoin transactions in the past 30 days alone, a testament to its scalability. This infrastructure supports more than 14 million crypto users in 38 countries, allowing Revolut’s global audience to tap into borderless payments at scale. For instance, users can initiate transfers from their bank accounts directly into Polygon PoS via Revolut Ramp, bypassing complex wallet setups.

Expert insights from Aishwary Gupta, Polygon’s global head of payments, highlight the strategic focus on regulatory compliance. He noted that success is measured by how well the infrastructure adapts to evolving regulations, demonstrating to lawmakers the feasibility of compliant blockchain payments. This approach not only ensures security but also positions fintechs like Revolut to innovate within legal frameworks.

Revolut has offered crypto trading since 2017 in select geographies, though U.S. access was paused in 2023 amid regulatory challenges. A spokesperson indicated ongoing efforts to restore U.S. services, emphasizing alternative pathways for crypto product access. The recent MiCA license secured in Cyprus further bolsters Revolut’s position, potentially paving the way for its own stablecoin launch and deeper blockchain integration.

In practical terms, this means Revolut users benefit from Polygon’s low-cost ecosystem, where gas fees are minimized, and transactions are “invincible” to end-users, as Boiron described. The partnership extends beyond remittances; POL trading is now live on Revolut and Revolut X, with staking options providing passive income opportunities. This seamless blend of fiat and crypto ecosystems reduces friction, encouraging wider adoption among non-technical users.

Frequently Asked Questions

What are the benefits of using stablecoins for remittances through Revolut and Polygon?

Stablecoins like USDC and USDT offer stability pegged to the U.S. dollar, enabling reliable value transfer for remittances. Through Revolut’s Polygon integration, users enjoy near-instant settlements, minimal fees under a cent per transaction, and 24/7 availability, making it ideal for cross-border payments in the UK and EEA without currency conversion losses.

Can Revolut users stake POL tokens and what yields can they expect?

Yes, Revolut app users can stake POL tokens directly, earning up to 4% APY through in-app features. This process is straightforward, requiring no external wallets, and supports Polygon’s proof-of-stake mechanism for network security while providing users with compounded rewards on their holdings.

Is the Revolut X exchange available for Polygon trading in the EEA?

Revolut X, the dedicated crypto trading platform, is now expanded to all 30 EEA countries, including the EU’s 27 nations plus Norway, Iceland, and Liechtenstein. It supports over 200 digital assets, including POL, with near-zero fees and seamless account integration for efficient trading.

Key Takeaways

• Seamless Crypto Access: Revolut’s integration with Polygon allows over 65 million users to handle remittances in stablecoins and POL with low fees and fast settlements, enhancing global payment efficiency.
• Growing Network Activity: Polygon’s ecosystem has seen 153 million stablecoin transactions in 30 days, driven by partnerships like this, which underscore its scalability for real-world finance.
• Regulatory Forward Momentum: With a MiCA license in Cyprus, Revolut is poised for stablecoin innovation; users should monitor updates for expanded U.S. access and staking opportunities.

Conclusion

The Revolut Polygon integration marks a significant step in merging traditional banking with blockchain technology, enabling efficient crypto remittances and stablecoin payments for millions worldwide. By leveraging Polygon’s scalable network, Revolut delivers cost-effective, rapid transactions that comply with evolving regulations like MiCA. As stablecoin activity surges and partnerships deepen, this collaboration signals a future where blockchain powers everyday finance—stay tuned for further expansions in crypto accessibility and yields.