Reveel Achieves Milestone of 100,000 Users Across More Than 160 Countries, According to Chainwire

New York, New York, July 23, 2024

Global Mobile Payment App Transforms On-Chain Cross-Border Transactions with Multi-Chain Features

Reveel, a peer-to-peer payments decentralized application (dApp), has reached a significant milestone with 100,000 users across more than 160 countries. This achievement positions the Binance Labs-supported startup as the largest on-chain peer-to-peer payments application, offering users decentralized, transparent, and secure payment options globally, utilizing multiple tokens and blockchain networks, including a recent partnership with BNB Chain.

Emarketer forecasts that nearly 75% of smartphone users in the US will use peer-to-peer payment applications by 2028. However, traditional systems for cross-border payments continue to account for a staggering $190 trillion. While stablecoins present a more cost-effective option for international transactions, the fragmented landscape of cryptocurrencies across hundreds of networks hampers greater adoption.

In contrast to other on-chain peer-to-peer payment platforms, Reveel’s Multi-Token and Multi-Chain functionalities enable users to conduct cross-border or peer-to-peer transactions seamlessly, regardless of the selected token or blockchain. The platform currently facilitates one-click payments across Base, BNB Chain, Optimism, and Polygon, utilizing all stablecoins available within these networks.

As a leader in omnichain payment solutions, Reveel offers a range of valuable features, including:

• Multi-Token and Multi-Chain Payments: Users can transact across various tokens and blockchain networks, offering unmatched flexibility and convenience.
• Programmable Multi-Wallet Identifier: Users have the capability to create programmable payment routes, distinguishing it from traditional single-wallet systems.
• Seamless Cross-Chain Transactions: With one-click functionality for cross-chain transactions, Reveel connects users across different environments, enabling a truly integrated financial ecosystem.

"Today, blockchains resemble nations, each with its own economy. Sending funds between them can be even more complex than traditional cross-border transactions," commented Adrien Stern, Founder & CEO of Reveel. "The future is multi-chain, and Reveel is pioneering omnichain technology to empower users to pay anyone, anywhere, on any chain. Our platform aims to dismantle the barriers that hinder smooth financial transactions across various borders."

Matt Law, Chief Commercial Officer at Outlier Ventures, expressed his support for the initiative: "We are strong advocates for the advantages 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 its potential to promote wider adoption of crypto-enabled payments."

About Reveel

Reveel is an omnichain payments platform designed for seamless cross-chain transactions, bridging people across borders and networks. As a global peer-to-peer payments protocol, it facilitates monetary transfers to anyone, anywhere, using any blockchain. Users can create unique programmable payment IDs to streamline transactions, nurturing a borderless community. Reveel emphasizes decentralization, community-driven initiatives, and self-sovereignty, representing a progressive and innovative solution within the cryptocurrency industry.

For additional information, interested users are encouraged to engage with Reveel through social media channels or reach out via email.

Contact:
Bridget van Voorst
Senior Consultant
CW8 Communications
Email: [email protected]