CryptoRefills Launches Avalanche Blockchain Payment Option


A New Use Case for Avalanche, Bridging DeFi with Real-World Goods and Services.
CryptoRefills Launches Avalanche Blockchain Payment Option

Amsterdam, May 20, 2021, CryptoRefills launches Avalanche blockchain payment option, to enable a new fast and lower fee payment experience for users buying gift cards with cryptocurrency.

CryptoRefills, a shopping platform that allows people to shop for everyday needs with Bitcoin and other cryptocurrencies, has integrated Avalanche, an open-source platform for decentralized finance applications prioritizing scalability, simplicity, and instant transaction finality.

Due to high demand and network congestion, some of the most popular blockchain networks have seen increasingly high transaction fees, making the use of cryptocurrencies for shopping for everyday needs more expensive for users. With the Avalanche payment option, users will be able to make purchases on CryptoRefills with the top ERC20 compatible stablecoins, with immediate confirmation and close to zero transaction costs. Furthermore, with a rapidly growing DeFi ecosystem on Avalanche, its community can now use CryptoRefills to bridge the Avalanche DeFi domain with real-world goods and services.

Massimiliano Silenzi, CEO of CryptoRefills commented: “One of our goals for 2021 is to bring to our users the newest and most innovative payment options that can improve transaction speed and reduce fees. We are excited to offer Avalanche, one of the most promising blockchain platforms, that will provide a streamlined payment experience for our users.”

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.

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