One of the people Coindesk spoke to said Revolut was working on something like an exchange coin like Binance’s BNB or the KCS. Kucoin.
Regarding the timing of the Revolut token’s launch, the source said it needs to be approved by the UK’s Financial Conduct Authority (FCA). The second source said that Revolut’s token launch plans are focused on Europe and other locations outside of the US.
Compared to other big fintech players involved in crypto, the introduction of a token seems to make Revolut stand out from the rest.
Revolut recently announced that it will pay for the WeWork Dallas, Texas office in Bitcoin. The company, which already has a European Union banking license, also announced that it has obtained a US broker-dealer license to compete in the retail market with other big players like Robinhood.
Much like competitors like Robinhood and PayPal, Revolut added the ability for users to buy and hold multiple cryptocurrencies in its banking app, but without the kind of functionality that allows users to buy and trade on cryptocurrency exchanges.
Revolut currently has over 16 million customers worldwide and over 150 million transactions per month. The company is an avid supporter of cryptocurrencies and offers users the option to use over 50 cryptocurrencies.
In its June financial report, Revolut said that crypto services accounted for about 20% of its revenue.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Sima Yi
According to Coindesk
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Here are the latest predictions for Dogecoin, Shiba Inu, and ETFswap.
Discover BlockDAG's 100% bonus and $110M presale surge that’s sparking interest among crypto enthusiasts. Also,…
Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…
Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…
Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…
SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…
This website uses cookies.