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Revolut is Adding a Crypto Payments Feature

Revolut is Adding a Crypto Payments Feature

Revolut is adding a crypto payments feature that will allow users to use their cryptocurrencies and pay for everyday purchases with a Revolut card.

Revolut is one of the most popular financial technology companies that offers digital banking. Headquartered in London, the digital bank was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko.

The new crypto service will be active from November 1st, and for a limited time, customers will also be able to earn 1% cashback on all spending on their crypto balance.

After a long wait, Revolut has received permission to offer crypto services in the UK from the country’s Financial Conduct Authority.

The platform serves around 20 million users and offers the ability to buy more than 30 cryptocurrencies.

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In June, a “simplified” version of the Revolut app was released, allowing users to access secure money transfers alongside other financial services in five new countries. Customers in Sri Lanka, Chile, Ecuador, Azerbaijan and Oman will now be able to use the app to transfer money to different countries around the world.

In October, Revolut reduced its fees for “buying and selling cryptocurrencies from 2.50% to 1.99% or 0.99 euros – whichever is higher”.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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