Leading provider of cryptocurrency payment solutions Data Mynt integrated with the Polygon (MATIC/USD) full-stack scaling solution, Invezz learned from a press release on PR News Wire.
Partners to benefit from rapid blockchain payments and low fees
Data Mynt and its retailers, merchants, and other partners will benefit from this development as Polygon, an Ethereum (ETH/USD) scaling solution, enables swift blockchain payments and an average processing time of 2.1 seconds as well as gas or transaction fees of just 1₵.
Polygon hosts 3K+ apps, processed over 1B transactions
Polygon will enable Data Mynt to become part of its widespread network and user base as an Ethereum secondary scaling solution. Polygon hosts more than 3,000 applications and has processed over a billion transactions. Moreover, it has assets worth more than $5 billion and over 100 million unique user addresses.
Merchants expand payment options via Data Mynt
Data Mynt’s soon-to-be-patented technology enables enterprises and merchants to expand their partners and customers’ payment options while allowing parties to retain much more crypto assets when transacting on public blockchains. At the same time, Data Mynt eliminates issues like crypto price volatility and chargebacks while lowering payment processing costs.
Data Mynt CEO Alex Christian commented:
The speed, flexibility and scalability of the Polygon network were key for us. We can now tell retailers that Data Mynt is ready to service Polygon network users and transaction speed, which is more aligned with current in-person checkout expectations.
Polygon Co-Founder and CEO Jaynti Kanani added:
This is the power of public blockchains. Consumers and merchants engaged in a ‘pure’ transaction. That’s how Data Mynt and Polygon empowers everyone.
The dedicated global sales team began to roll out Data Mynt’s payment platform in the first quarter of this year.
About Data Mynt
Data Mynt is the leading crypto payment processor. Its wallet, asset and blockchain-agnostic suite of solutions offer partners and merchants an omnichannel approach to accepting on-chain crypto payments free from volatility along with the risks and costs of traditional payment methods. The Data Mynt crypto payment platform is designed to streamline implementation via API, branded web page, iFrame and merchant app, while consistently delivering a seamless customer experience. DataMynt.com
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from Matic Network – Invezz
