Unicorn Revolut is a Digital payment app, the service features the flexibility of paying in Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC], Ripple [XRP] and Bitcoin Cash [BCH]. The app in its initial stage did not cover many geographical regions. The rumors of expansions finally led to a real-rapid expansion as observed on the official website of Revolut.
Revolut is planning to expand the company in the US, Canada, Singapore, Hong Kong, Australia and New Zealand in the next few months. This directs to the seamless usage of crypto-payments in the mentioned regions.
Revolut being a London-based organization was created with the goal to revolutionize the conventional banking system. It is currently growing to be one of the top financial technology platforms of the world, covering the important financial hubs.
As per the reports provided by Revolut on their official website, customers save around 8% on transactions through Revolut. It permits the users to make immediate transfers and cross-border payments. The app transacts at the interbank rate of over 120 countries and 130 currencies.
Pieter Levels, a Revolut user on their website gave feedback saying:
“Revolut gives you everything you’d expect from a bank and so much more, all without actually being one”
The app has managed to acquire over 2 million clients worldwide with a consumer capacity of 6000 users loaded on their system daily. As Revolut tweeted, they confirmed their customer base has crossed 1 million in London.
At the time of press, Revolut has completed over 125 million payment-related transactions. The total transaction volume of the app is 14 billion Euros and counting.
Revolut introduced cryptocurrencies in December 2017. This allowed users to trade cryptocurrencies in the app. As Revolut is still in its developing stages they have not yet made deposits and withdrawals a part of the platform.
Nikolay Storonsky, the founder of Revolut in an interview with Forbes said:
“I thought of the business three years ago. I was travelling a lot and wasting hundreds of pounds on foreign transaction fees and exchange rate commissions which just didn’t feel right. As someone with a financial background I knew exactly the rates I should be getting. As a solution, I tried to find a multi-currency card and was later told it wasn’t possible. But I was determined to make it work.”
Subscribe to AMBCrypto’s Newsletter
Ethereum [ETH] dApp users drop as EOS and Tron dominate the market
World Blockchain STO Summit: 29 – 30 April 2019, Dubai, UAE
Bitcoin [BTC] and Ethereum [ETH] can be exchanged for Euros or Swiss Francs on MyEtherWallet
Bitcoin [BTC] Futures by the Chicago Mercantile Exchange Group reaches an all-time high in Q1 of 2019
Bitcoin SV [BSV] Price Analysis: Coin finds stability as possible bull run approaches
Bitcoin [BTC] developer Jimmy Song lists 3 reasons why Bitcoin SV [BSV] is a “scam”
Bitcoin [BTC] among cryptocurrencies enabled by new debit card launched by Australian Crypto exchange
Bitcoin [BTC]: Mt Gox redemption plan demonstrates the power of open source network, says Brock Pierce
Tron’s BitTorrent [BTT] hikes by a whopping 18%; airdrop concludes
Ripple allegedly offering attractive XRP packages as an incentive to prospective hires
- Press Release
A New Generation of Crypto-Exchange: ALL IN ONE Crypto-Exchange
- Bitcoin Cash
Bitcoin Cash [BCH] support rolled out by Coinbase custodial wallet app
Flash Hike: XRP pumps by 10% as most top-10 coins gleam green
Cryptocurrency Adoption: Institutional investors should consider cryptocurrencies, says pension and endowment adviser Cambridge Associates