CryptoRefills adds support for Fantom, another super-fast, low-cost payment option
Tags: #Fantom #CryptoRefills #Payment #Speed #Giftcards
Amsterdam, November 4, 2021, CryptoRefills, a global player in mobile top up and gift card retail that pioneers blockchain payments, has added support for payments over Fantom Network to offer its users a new super-fast and low-cost payment option.
Due to risks of congestion and long confirmation times, some of the most popular blockchain platforms have seen increasingly high transaction fees. As a result, everyday shopping with Bitcoin, Ethereum or any ERC20 tokens including USDT, USDC can be expensive for users when purchasing goods and services. By pioneering the retail side of blockchain payments and focusing on optimizing user experience via the newest blockchain payment technologies, CryptoRefills has integrated Fantom, a high-performance, scalable, and secure smart-contract platform.
A recent study by CryptoRefills has revealed a firm inverse correlation between the volume of the transactions waiting in the queue and the crypto-shoppers’ likelihood of using cryptocurrency to pay for the goods and services. Fantom, which is designed to overcome these limitations, is an ideal solution to offer a great payment experience for crypto shoppers when purchasing goods and services with stablecoins thanks to its high speed, fast time to finality and low transaction costs.
Furthermore, with a rapidly DeFi ecosystem on Fantom, its users can now use CryptoRefills to bridge the Fantom DeFi domain with real world goods and services.
Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in 1 second and cost a fraction of a cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.
CryptoRefills is on a mission to enable people all over the world to spend their cryptocurrency for real-world good and service and their everyday needs. With CryptoRefills, you can pay with cryptocurrencies to top up your mobile credit and buy gift cards from some of the world’s largest digital and retail brands.
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