CryptoRefills Launches Arbitrum Payment Option


CryptoRefills now supports payments over Arbitrum for faster transaction finality and reduced transaction fees
CryptoRefills Launches Arbitrum Payment Option

Amsterdam, February 2, 2022, CryptoRefills, a global player in gift card retail and mobile top-ups that pioneers blockchain payments, now supports payments over Arbitrum, a scaling solution for Ethereum to offer its users a faster payment experience and reduced transaction fees.

As Ethereum has become a popular platform for building decentralized applications, the significant surge in adoption has pushed the network to its limits while sending transaction fees through the roof and leading to high congestion. As a result, payments with cryptocurrencies or any ERC20 tokens including USDT, USDC, and DAI have become expensive for users when purchasing goods and services. CryptoRefills has now integrated Arbitrum, a scaling solution for Ethereum that drastically reduces costs and latency to address these issues.

CryptoRefills market studies about the adoption of cryptocurrencies in payments indicate that there is an 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. The adoption of Arbitrum, an Optimistic Rollup scaling solution for Ethereum drastically addresses this problem by reducing transaction fees and congestion while boosting its speed and scalability.

Furthermore, the Arbitrum community can now have access to a vast range of gift cards and mobile top-ups in the CryptoRefills catalog while enjoying a streamlined payment experience with lower fees.

About Cryptorefills

Cryptorefills is on a mission to enable people all over the world to spend Bitcoin and other cryptocurrencies for their everyday needs. With Cryptorefills, people from over 150 countries and territories can top up their mobile credit and buy gift cards with Bitcoin and other crypto from the world’s largest digital and retail brands. As one of the earliest adopters of the Bitcoin Lightning Network, and as the first company in the world to launch Ethereum layer-2 payments for e-commerce (via Polygon Matic and Arbitrum) and to use fast finality blockchains (via Avalanche and Fantom), Cryptorefills is leading the innovation in applied decentralized payments and developing new technologies for the gift card industry.

Cryptorefills is also very active in researching and educating on consumer spending of cryptocurrency in retail through its Labs initiative and publishes an annual report on the global use of crypto for purchasing goods and services.

For information and press enquiries