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All about Revolut moving $1.2B on Polygon and if that makes it faster than SWIFT

Digital banking giant Revolut has processed over $1.2 billion in stablecoin transfers on the Polygon network, demonstrating blockchain's growing role in mainstream finance. These transactions settled in seconds with total fees under $700, showcasing significant cost and efficiency advantages over traditional systems like SWIFT, which can take days and involve high intermediary fees. Polygon's low transaction costs—up to 426x cheaper than Ethereum—make it an attractive infrastructure for institutional payments. This milestone signals a structural shift toward blockchain-based settlements, with stablecoins enabling near-instant, low-cost, and transparent cross-border transactions.

ambcrypto03/28 07:16