Global Mobile Payment App Revolutionizes On-Chain Cross-Border Payments with Multi-Chain Capabilities
Reveel, an on-chain peer-to-peer payments dApp, today announced that it has reached the significant milestone of 100,000 users spanning over 160 countries. The achievement makes the Binance Labs-backed startup the largest on-chain peer-to-peer (P2P) payments app available, providing users access to decentralized, transparent and secure on-chain payments globally and across multiple tokens and chains, including BNB Chain with whom Reveel recently announced a collaboration.
According to Emarketer, nearly 3 in 4 US smartphone users are expected to send money over P2P payment apps by 2028. Despite this increasing adoption, cross-border payments through traditional systems still amount to $190 Trillion USD. Stablecoins provide a less expensive and complex alternative to traditional cross-border payments, but the fragmented nature of crypto across 100s of networks has proven a barrier to broader adoption.
Unlike other on-chain peer-to-peer payment methods, Reveel’s Multi-Token and Multi-Chain capabilities allow users to easily make cross-border or peer-to-peer payments regardless of the token or chain of choice, within a simple one-click interface. Reveel currently supports one-click payments across Ethereum, Base, BNB Chain, Optimism, and Polygon, using all stablecoins on those chains.
As a pioneering omnichain payments infrastructure, Reveel provides a number of useful capabilities including:
Reveel is an omnichain payments infrastructure that enables one-click cross-chain payments, connecting people across borders and networks. As a global P2P payments protocol, Reveel allows money to flow to anyone, anywhere, on any chain. Users can create their unique programmable payments ID, facilitating seamless transactions and fostering a borderless community. Reveel’s core values include decentralization, community-driven actions, and self-sovereignty, making it a fresh, forward-thinking solution in the crypto space.
For more information, users can visit r3vl.xyz or follow us on X.
ContactSenior ConsultantBridget van VoorstCW8 Communicationsreveel@cw8-communications.com
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
