Revolut Shakes Up Finance: Zero-Fee Crypto Payments & Remittances via Polygon Integration

Fintech giant Revolut just fired a shot across traditional banking's bow—by integrating Polygon for feeless crypto transactions.

Why this matters: Banks hate this one trick

The move bypasses legacy payment rails, letting users send money globally without the usual 3-5% gouge. Crypto payments get a frictionless on-ramp too.

Behind the scenes: Polygon's low-fee infrastructure makes this possible while keeping Revolut's compliance team (mostly) sane. The Ethereum sidechain handles 65,000 TPS—enough to make SWIFT look like dial-up.

The cynical take: Watch traditional remittance players suddenly 'discover blockchain' now that their 20% margins are under threat.

Bottom line: Another brick in the wall of crypto's inevitable march toward mainstream utility—whether Wall Street likes it or not.

TLDR

• Revolut integrates Polygon for zero-fee remittances, stablecoin transfers, and crypto payments.

• Polygon’s services allow Revolut users to send funds seamlessly using USDC, USDT, and POL tokens.

• The collaboration is part of Revolut’s larger crypto strategy to expand services in Europe.

• Revolut users processed over $690 million in volume through Polygon since the partnership started.

Revolut, the EU-based fintech giant with over 65 million users, has partnered with Polygon to integrate its blockchain network into the Revolut app. This move will enable zero-fee crypto remittances, stablecoin transfers, and crypto card payments for users in the UK and the European Economic Area (EEA).

The integration of Polygon aims to streamline cross-border crypto transfers using stablecoins like USDC and USDT. Revolut users can now transfer funds quickly and with minimal fees, addressing a major pain point for users engaging in international remittances. As a result, Revolut’s users can send and receive funds using Polygon’s blockchain technology, ensuring speed and efficiency without high transaction costs.

Key Features of Revolut’s Integration with Polygon

As part of the collaboration, Revolut users can now access Polygon-based services directly within the Revolut app. The services include easy transfers using USDC and USDT, in-app crypto card payments, and staking of POL tokens. Notably, gas fees for eligible transfers are covered, meaning users can make free transfers through the platform.

Marc Boiron, CEO of Polygon Labs, said, “By making blockchain payments invincible to the end user, integrated with everyday traditional payment experiences, and delivering superior speed and cost efficiency, we’re seeing the future of finance unfold.”

This partnership is expected to drive widespread adoption of blockchain-based payments among everyday users, positioning Polygon as a go-to solution for financial institutions.

Revolut Expands Crypto Exchange Services in Europe

The integration with Polygon is just the beginning of Revolut’s broader crypto strategy. The company has also expanded its Revolut X crypto exchange across the European Economic Area (EEA). This new feature allows users in 30 EEA countries to buy and sell over 200 digital assets, including Polygon’s POL token, which is now available for trading and staking on the platform.

Revolut’s crypto exchange offers near-zero fees and seamless integration with users’ accounts, providing a user-friendly experience for new and experienced traders alike.

Leonid Bashiykov, Revolut’s head of product for its crypto exchange, confirmed that the platform has quickly gained traction, providing access to a broad range of crypto assets with minimal friction.

More Partnerships and Expansion on the Horizon

In addition to Revolut, Mastercard and DeCard are also leveraging Polygon’s blockchain for their services. Mastercard is using Polygon to power the expansion of its Crypto Credential identity solution to self-custody wallets, while DeCard is using Polygon for a merchant stablecoin feature.

These collaborations further solidify Polygon’s position as a leading infrastructure provider for blockchain-based payment solutions.

Revolut’s collaboration with Polygon also aligns with broader efforts in the crypto space to build infrastructure that supports cross-border payments and stablecoin adoption. The integration provides users with a seamless experience to convert, send, and receive funds through the Revolut app, further expanding the reach of Polygon’s blockchain in real-world financial applications.