Data Mynt integration with Polygon enables Ethereum scaling and rapid blockchain payments for merchants & partners
Data Mynt, a leading provider of cryptocurrency payment solutions, is integrated with the Polygon full-stack scaling solution. Data Mynt, along with its partners, merchants and retailers, will benefit from the Ethereum scaling solution as Polygon enables rapid blockchain payments and processing times of 2.1 seconds on average and consistently low transaction or Gas fees of typically just 1₵.
As an Ethereum secondary scaling solution, the Polygon network will allow Data Mynt to support Polygon’s widespread network and user base (3000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets).
Latest Fintech News: Mahila Money and Visa Team Up to Support Women Entrepreneurs with Mahila Money Prepaid Card
The Data Mynt patent-pending technology enables merchants and enterprises to expand their payment options for their customers and partners while allowing parties to keep significantly more of their crypto assets when transacting on public blockchains. At the same time, it reduces payment processing costs and eliminates frictions such as chargebacks and crypto price volatility.
“The speed, flexibility and scalability of the Polygon network were key for us, ” noted Data Mynt CEO Alex Christian. “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 remarked, “This is the power of public blockchains. Consumers and merchants engaged in a ‘pure’ transaction. That’s how Data Mynt and Polygon empowers everyone.”
Download our top whitepaper: Building Reliable and Secure Fintech Systems in 2022
The dedicated Data Mynt global sales team began rolling out its payment platform in Q1 of 2022.
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.
Latest Fintech News: DealMaker Launches “DealMaker Compass,” an Analytics-Driven Suite of Products
[To share your insights with us, please write to sghosh@martechseries.com]
