Mobilum Technologies Inc. (CSE:MBLM)(Mobilum Technologies Inc. (CSE:MBLM)) announced the completion of its strategic ecosystem partnership with Polygon with the solution available at https://polygon.mobilum.com.
The result creates a fiat-to-crypto bridge for Polygon and is one of the world's first payment rails for fiat directly to decentralized finance (DeFi).
Polygon is a leading platform for Ethereum scaling and infrastructure development and users will be able to purchase MATIC (Polygon), MATIC (Ethereum) tokens, ETH, and other cryptocurrencies using credit cards without setting up an account on a cryptocurrency exchange.
"Our mission is to fill a gap and become a real bridge between traditional finance and the new digital economy. We are very excited to announce this strategic ecosystem partnership with Polygon to launch one of the world's first payment rails for fiat directly to DeFi," said Mobilum OÜ CEO Wojciech Kaszycki.
In addition to the on-ramp solution, Mobilum has developed an off-ramp platform soon to be available to the Polygon community to provide a global corridor for crypto-to-fiat microtransactions.
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The Mobilum off-ramp will enable Polygon users to redeem Polygon tokens and other cryptocurrencies for gift cards across 80 different countries with over 2,000 retail brands without any fees.
Arjun Kalsy, vice-president (VP) of growth at Polygon added: "We are excited to have Mobilum join the Polygon ecosystem and support development efforts on Polygon.
"The Polygon community believes that there are many untapped potentials and enabling crypto microtransactions in largely unbanked and underbanked parts of the world. We are hopeful that the fiat to crypto on/off-ramp will make crypto more accessible to the blockchain community at large."
Contact the writer at giles@proactiveinvestors.com