New York, New York, July 23, 2024, Chainwire
Global mobile payments app revolutionizes cross-border on-chain 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 across over 160 countries. The achievement makes the Binance Labs-backed startup the largest on-chain peer-to-peer (P2P) payments app available, giving users access to decentralized, transparent, and secure on-chain payments globally and across multiple tokens and chains, including BNB Chain, with which Reveel recently announced a collaboration.
According to Emarketer, nearly 3 in 4 US smartphone users are expected to send money via P2P payment apps by 2028. Despite this growing adoption, cross-border payments via traditional systems still amount to $190 trillion. Stablecoins provide a less expensive and complex alternative to traditional cross-border payments, but the fragmented nature of cryptocurrencies across hundreds of networks has proven to be a barrier to wider 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 their choice, within a simple one-click interface. Reveel currently supports one-click payments on , Base, BNB Chain, Optimism, and Polygon, using all stablecoins on those chains.
As a pioneering omnichain payments infrastructure, Reveel offers a number of useful capabilities, including:
- Multi-token and multi-chain payments: Reveel supports payments across multiple blockchain networks and tokens, providing unparalleled flexibility and convenience.
- Programmable Multi-Wallet Identifier: Users can create programmable routes for their payments, unlike traditional single-wallet systems.
- Seamless cross-chain transactions: With one-click cross-chain transactions, Reveel connects users across different environments, fostering a truly interconnected financial ecosystem.
“Today, blockchains are like nations. Each has its own economy and sending funds from one to another is even more complicated than cross-border transactions. But the future is multi-chain. That’s why Reveel is building omni-chain technology to enable people to pay anyone, anywhere, on any chain,” he said. Adrien Stern, Founder and CEO of Reveel“Our platform is breaking down the barriers that previously prevented seamless financial transactions across any type of border.”
Matt Law, Chief Business Officer at Outlier Ventures, also commented on the announcement: “At Outlier Ventures, we strongly believe in the benefits of decentralized, transparent, and secure on-chain payments. As one of our portfolio companies, we are impressed with Reveel’s omnichain P2P payments solution and the potential it has to drive broader adoption of crypto-enabled payments.”
About Reveel
Reveel is an omnichain payment infrastructure that enables one-click cross-chain payments, connecting people across borders and networks. As a global P2P payment protocol, Reveel enables money to flow to anyone, anywhere, on any chain. Users can create their unique programmable payment ID, facilitating seamless transactions and fostering a borderless community. Reveel’s core values include decentralization, community-driven actions, and self-sovereignty, making it an innovative and forward-thinking solution in the crypto space.
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ContactSenior consultantBridget van VoorstCW8 Communications[email protected]
This article was originally published on Chainwire
