Polygon Labs and Revolut Partner to Enable Stablecoin Transfers Across Europe
The collaboration will allow Revolut’s 65 million users to send and receive cryptocurrency payments using blockchain technology in the European market.
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Terms & Concepts
Stablecoin: A cryptocurrency pegged to a stable asset like the U.S. dollar, designed to reduce price volatility.
Remittance: The transfer of money, often by foreign workers, to individuals in their home country.
Blockchain: A decentralized digital ledger used to record transactions across multiple computers securely.