MobiFi teams up with Polygon
MobiFi is excited to officially announce a partnership with Polygon, a blockchain network that provides scalable, secure, and instant Ethereum transactions using Plasma side chains and Proof-of-Stake consensus.
This partnership will allow MobiFI to leverage Polygon’s innovative Layer 2 scaling, a solution that offers low gas fees and high transaction speed. With production-ready services and high adoption by hundreds of dApps across DeFi, NFT, and gaming, Polygon has proved to be the go-to scaling solution of choice, offering projects the ability to help provide superior UX to its users in the form of faster block times and almost-negligible gas fees.
Working with Polygon
The proliferation of dApps in the last year has been remarkable, but despite DeFi’s progress, the current blockchain ecosystem is not prepared to scale as per the demand. The issues of slow block confirmations, poor user experience, and high gas fees need to be solved before we can achieve adoption by mainstream users. Polygon is working to address this simplifying the interaction between users and the decentralized ecosystem so anyone can gain access without worrying about the complexity of the system. In this sense, MobiFi shares a common goal with Polygon, but we approach things more from the usability angle.
MobiFi is building a next-generation transportation platform and, as a by-product, make onboarding people into DeFi as easy as using a bus or scooter rental app. However, to connect mobility credit systems with public blockchains and give users more yield opportunities, MobiFi will need robust scaling solutions. Without this, it won’t be possible to offer cost-effective access to DeFi, so working with projects like Polygon is critical to our goals. By collaborating with Polygon, MobiFi can focus on its core business of delighting transportation users rather than worry about the performance of the infrastructure.
“It’s an extremely big honor for us to work with Matic. Their layer-2 solution is going to play an important role in reducing the gas fee and improving transaction speed for our users to SWAP their $MOFI tokens. We are looking forward to this collaboration”
— Team MobiFi
“We are excited to partner with MobiFi on their journey to build the infra for next generation Mobility services. With Polygon, we can address the massive scale MobiFi will need as urban mobility becomes more decentralised across the spectrum, from long distance to last mile connectivity“
— Team Polygon
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Matic POS, designed for flexibility and independence. Polygon’s Layer 2 Chains have seen widespread adoption with 130+ Dapps, ~14M transactions, and ~280K unique wallet addresses.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
Learn more about Polygon
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About MobiFi
MobiFi is a financial orchestrator for Mobility as a Service (MaaS). We’re building the transportation UX of the future — simplifying the mess of mobility services that many consumers face today while also allowing them to earn on their mobility credit. Once complete, our platform and tokenized payment system will boost mobility service provider efficiency and coax users into more sustainable transportation decisions.
