CryptoRefills adopts Fantom for fast, low-cost payments
We are pleased to announce that CryptoRefills, a pioneering retailer specializing in mobile top-up and gift cards, now supports the Fantom Network as a fast and low-cost payment option.
Through its adoption of crypto payments for a vast range of goods and services gift cards, CryptoRefills has long sought to pave the way for consumer blockchain adoption. But exorbitant transaction fees on networks like Bitcoin and Ethereum can make everyday shopping with cryptocurrencies like BTC, ETH, or ERC20 tokens expensive for users when purchasing goods and services.
The adoption of Fantom fully resolves these issues. Consistent near-zero transaction fees on the Fantom network mean that gift-card buyers have a viable, cheap, and secure option for crypto payments in Fantom-based USDC, USDT, and MIM.
Fantom’s high speeds further enhance the retail experience. CryptoRefills market studies indicate that even the most blockchain-savvy users are less likely to use crypto as a payment option when faced with long transaction processing times. Fantom’s 1-second transaction finality ensures that transactions complete almost instantly, at speeds that easily meet the expectations of online shoppers.
CryptoRefills is on a mission to enable people all over the world to spend their cryptocurrency for real-world goods and services and their everyday needs. With CryptoRefills, you can pay with cryptocurrencies to top up your mobile credit and buy gift cards from some of the world’s largest digital and retail brands.
Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in 1 second and cost a fraction of a cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.