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Mastercard and Revolut adopt Polygon, POL eyes $0.16


by Hassan Maishera
for Invezz
Mastercard and Revolut adopt Polygon, POL eyes $0.16

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Polygon

The cryptocurrency market is having a breather after a bearish start to the week.

Bitcoin rallied above $92k a few hours ago after dropping below $90k on Tuesday.

Ether and other major cryptocurrencies are also in the green.

POL, the native coin of the Polygon ecosystem, is also up by nearly 2% in the last 24 hours, thanks to major adoption of the blockchain.

Mastercard and Revolut adopt Polygon

POL is trading above $0.14 per coin after adding 2% to its value in the last few hours.

The positive performance comes amid a breather in the broader crypto market.

Another major catalyst behind POL’s positive performance is the adoption of the Polygon blockchain by Revolut and Polygon.

On Tuesday, Polygon Labs announced that Revolut, Europe’s largest fintech company, has officially integrated stablecoin payments, trading, and POL staking.

This adoption will allow Revolut users to move money across borders at scale, with zero fees and real-time speed.

Revolut first started enabling stablecoin transfers over Polygon integration back in December 2024, and since then has processed over $690 million in Polygon-based transactions.

The fintech giant now joins institutions integrating on Polygon for money movement, including Stripe, Flutterwave, DeCard by DCS, Reliance Jio, and many others.

Mastercard also chose Polygon to launch username-based transfers for self-custody wallets, with Mercuryo.

Polygon added that by leveraging the Mastercard Crypto Credential, users can onboard once, receive a verified username, link their wallet, and get assets instantly, without ever copying a hex string again.

Mercuryo will onboard verified users and issue credentials, while Polygon provides the blockchain rails.

According to Polygon, it became the ideal choice for Mastercard thanks to its low-cost infrastructure built for speed, reliability, and scalability.

POL eyes $0.16 as market takes a breather

The POL/USD 4-hour chart is bearish and efficient despite Polygon adding 2% to its value in the last 24 hours.

The positive performance comes amid growing Polygon adoption and the broader crypto market taking a breather following the bearish start to the week.

POL/USD 4H Chart

The technical indicators remain bearish as POL is down 15% in the last seven days.

The Relative Strength Index (RSI) on the 4-hour chart reads 41, below the neutral 50, but shows signs of recovery following the selloff earlier this week.

The MACD lines also flashed a sell signal a few days ago, indicating that the bears remain in control of the market.

If the recovery continues, POL could rally towards the Transactional Liquidity (TLQ) and resistance level at $0.16 in the near term.

An extended rally would see POL hit the monthly high of $0.1862.

However, if the bearish trend persists, POL could drop to the low of $0.14.

An extended bearish performance could see POL decline below the $0.13 psychological level.

The post Mastercard and Revolut adopt Polygon, POL eyes $0.16 appeared first on Invezz

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Mastercard and Revolut adopt Polygon, POL eyes $0.16


by Hassan Maishera
for Invezz
Mastercard and Revolut adopt Polygon, POL eyes $0.16

Share:

Polygon

The cryptocurrency market is having a breather after a bearish start to the week.

Bitcoin rallied above $92k a few hours ago after dropping below $90k on Tuesday.

Ether and other major cryptocurrencies are also in the green.

POL, the native coin of the Polygon ecosystem, is also up by nearly 2% in the last 24 hours, thanks to major adoption of the blockchain.

Mastercard and Revolut adopt Polygon

POL is trading above $0.14 per coin after adding 2% to its value in the last few hours.

The positive performance comes amid a breather in the broader crypto market.

Another major catalyst behind POL’s positive performance is the adoption of the Polygon blockchain by Revolut and Polygon.

On Tuesday, Polygon Labs announced that Revolut, Europe’s largest fintech company, has officially integrated stablecoin payments, trading, and POL staking.

This adoption will allow Revolut users to move money across borders at scale, with zero fees and real-time speed.

Revolut first started enabling stablecoin transfers over Polygon integration back in December 2024, and since then has processed over $690 million in Polygon-based transactions.

The fintech giant now joins institutions integrating on Polygon for money movement, including Stripe, Flutterwave, DeCard by DCS, Reliance Jio, and many others.

Mastercard also chose Polygon to launch username-based transfers for self-custody wallets, with Mercuryo.

Polygon added that by leveraging the Mastercard Crypto Credential, users can onboard once, receive a verified username, link their wallet, and get assets instantly, without ever copying a hex string again.

Mercuryo will onboard verified users and issue credentials, while Polygon provides the blockchain rails.

According to Polygon, it became the ideal choice for Mastercard thanks to its low-cost infrastructure built for speed, reliability, and scalability.

POL eyes $0.16 as market takes a breather

The POL/USD 4-hour chart is bearish and efficient despite Polygon adding 2% to its value in the last 24 hours.

The positive performance comes amid growing Polygon adoption and the broader crypto market taking a breather following the bearish start to the week.

POL/USD 4H Chart

The technical indicators remain bearish as POL is down 15% in the last seven days.

The Relative Strength Index (RSI) on the 4-hour chart reads 41, below the neutral 50, but shows signs of recovery following the selloff earlier this week.

The MACD lines also flashed a sell signal a few days ago, indicating that the bears remain in control of the market.

If the recovery continues, POL could rally towards the Transactional Liquidity (TLQ) and resistance level at $0.16 in the near term.

An extended rally would see POL hit the monthly high of $0.1862.

However, if the bearish trend persists, POL could drop to the low of $0.14.

An extended bearish performance could see POL decline below the $0.13 psychological level.

The post Mastercard and Revolut adopt Polygon, POL eyes $0.16 appeared first on Invezz

Read the article at Invezz

In This News

Share:

In This News

Share:

Read More

Mastercard chooses Polygon to kill wallet addresses — but POL keeps bleeding

Mastercard chooses Polygon to kill wallet addresses — but POL keeps bleeding

Mastercard has picked Polygon to power its system that allows users to send crypto to...
MasterCard, Polygon replace wallet addresses with username-based transfers

MasterCard, Polygon replace wallet addresses with username-based transfers

MasterCard makes another move deeper into the blockchain world, this time making onli...