CryptoRefills confirms that transactions over Polygon Network have seen a dramatic growth after its integration and becomes a popular network among its users for payments.
Tags: #Ethereum #Scaling #Polygon #Matic #CryptoRefills #Payment #Giftcards
Amsterdam, August 17, 2021, CryptoRefills, a shopping platform that enables people to top up mobile credit and buy gift cards with bitcoin and other cryptocurrencies has integrated Polygon (previously Matic Network) to offer its users a new super-fast and cheap option for paying with ERC20 stablecoins.
Due to high demand and network congestion, some of the most popular blockchains including Ethereum have seen increasingly high transaction fees. As a result, everyday shopping with any ERC20 token including USDT, USDC and DAI can be expensive for users when transacting over the Ethereum Network. The integration with Polygon Network is great solution to overcome some of top barriers crypto shoppers face when purchasing goods and services with stablecoins. Transactions on the Polygon Network are confirmed in sub-seconds due to faster block generation times while incurring significantly lower fees.
CryptoRefills confirmed that Polygon has become a popular payment network among its users and has shared with us some interesting data. Transactions over Polygon Network registered a 200% month over month growth since its launch in April. During the last 30 days, gift cards from Ecommerce and Games categories were the most purchased products over Polygon, ranking 35% and 17% respectively among CryptoRefills users. Mobile Credit top ups were the 3rd most purchased product. Since its launch, CryptoRefills has registered payments via Polygon in every continent and from over 40 countries showing that Polygon users are located all over the world.
Key takeaways on the usage of Polygon Network at CryptoRefills:
- The transactions over Polygon Network is currently registering a 200% MoM growth
- USDT and USDC are currently the main cryptocurrencies used on the network
- Ecommerce and Games gift cards were the most purchased products over Polygon Network, ranking 35% and 17% respectively
- Users from over 40 countries made payments via Polygon Network showing that Polygon users are located all over the world
- Polygon has become one of the most popular networks thanks to immediate delivery and inexpensive transactions
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns, and ~13.5M+ unique users.
CryptoRefills is on a mission to enable people all over the world to spend bitcoin and other cryptocurrency for their CryptoRefills is one of the major Gift card retailers in the world that pioneers blockchain payments and on a mission to enable people all over the world to spend bitcoin and other cryptocurrency for their everyday needs. With CryptoRefills users can pay with cryptocurrencies like ETH and Bitcoin to top up their mobile credit and buy gift cards for the world’s largest digital and retail brands.
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