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, and 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 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 rapid DeFi ecosystem on Fantom, its users can now use CryptoRefills to bridge the Fantom DeFi domain with real-world goods and services.
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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