Polygon Invests in Decentralized Payment and Checkout Solution Data Mynt
Polygon has made a strategic investment in the decentralized commerce, reliable crypto checkout, and payment platform known as Data Mynt, which was unveiled today. The two groups’ primary emphasis will be on decreasing the barriers to entry and promoting widespread use of decentralized commerce, as well as solid crypto checkout and payment systems that provide improvements to the traditional payment experiences of both customers and business owners.
In February, Data Mynt was able to merge with Polygon without any problems. The connection was designed to enhance the crypto checkout and payments experience both in-person using the Data Mynt mobile Point of Sale software (which is already available on the iOS App Store and the Android Google Play Store) and online around the world.
Data Mynt is now the most advanced and reliable protocol for decentralized commerce, payment, and checkout. It provides partners and merchants with an omnichannel solution to taking cryptocurrency payments from any wallet, free from the risks and expenses associated with conventional payment systems as well as the volatility of cryptocurrency. The crypto checkout payment solution offered by Data Mynt is meant to simplify installation via mobile Point of Sale, API, customized web page, and iFrame, all while providing over 100 retailers across the world with a smooth consumer experience.
Polygon is the preeminent platform for scaling Ethereum as well as developing its underlying infrastructure. Developers have easy access to all of the major scaling and infrastructure solutions thanks to its expanding suite of products, which includes L2 solutions (such as ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have been widely adopted, as evidenced by the fact that more than 3000 applications have been hosted, more than 1 billion total transactions have been processed, more than 100 million unique user addresses have been recorded, and more than $5 billion in assets have been secured.
Data Mynt plans to provide its own native coin to Polygon in the not too distant future. Data Mynt, in addition to supporting Polygon, is compatible with Ethereum Mainnet, Bitcoin, the Lightnin Network, and Binance Smart Chain (BNB).
Alex Christian, Data Mynt CEO, said “This is the next stage of a relationship between two teams that share the same conviction that improved decentralized commerce and payment choices that are available to every merchant and creator of metaverses is an absolute need.”
The Chief Executive Officer of Data Mynt, Alex Christian, stated that “This is the next stage of a relationship between two teams that share the same conviction that improved decentralized commerce and payment choices that are available to every merchant and creator of metaverses is an absolute need.”
This investment was a strategic one made by a major player in the industry.
Polygon is the newest major investor in Data Mynt, joining the ranks of other prominent investors such as Coinbase Ventures, Startup Haven Ventures, and AngelList.