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).
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.”