Revolut adds new Crypto On Road to Super App Status

Revolut adds new Crypto On Road to Super App Status
Revolut adds new Crypto On Road to Super App Status

British FinTech Revolut has released 22 new cryptocurrencies available to its customers in the EU and UK.

Like AltFi reported Thursday’s (August 4) release brings the total number of tokens available through Revolut to more than 40 and marks the company’s third major addition of cryptocurrencies for sale since first allowing bitcoin purchases five years ago.

Learn more: Revolut turns 7 years old with 20 million customers

Among the new tokens are ApeCoin and Sandbox. The former is the cryptocurrency launched in March by the creators of the Bored Ape Yacht Club NFT series, and the latter is among the largest metaverses based on the Ethereum blockchain, the report said. The Request payment protocol and the Ethereum Classic blockchain development platform were also added.

“We’ve given a big boost to our offering while empowering people to take more control of their finances and giving them safe access to new tools and services built in crypto,” said Emil Urmanshin, Crypto General Manager at Revolut.

The report noted that cryptocurrency has been crucial to Revolut’s efforts to become a financial super app.

Last month, Revolut marked its seventh year in business with three milestones: 20 million customers, 250 million monthly transactions and a workforce of more than 5,000 worldwide.

“We are still a young company, but our growth in recent years shows the growing demand for our products worldwide,” said co-founder and CEO Nikolay Storonsky.

He added that the company’s journey is still just beginning and that it plans to continue “pushing the boundaries of financial innovation” as it strives to develop a worldwide super app.

See also  Tesla Q2 2022 Report Shows Crypto Sales, Decline in Profits

See also: Revolut allows some customers to earn rewards, learn about crypto

Also in July, the company launched its Crypto Learn & Earn program, designed to teach users how to work with digital assets. Customers can find out more about specific cryptocurrencies or the frontier crypto world, and in some cases earn crypto.

——————————

NEW PYMNTS SURVEY FINDS 3 IN 4 CONSUMERS WITH STRONG DEMAND FOR SUPER APPS

About: The findings of PYMNTS’ new study, “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy”, a collaboration with PayPal, analyzed the responses of 9,904 consumers in Australia, Germany, the UK and the US and showed strong demand for a single multi-functional super app instead of using dozens of individuals.

Leave a Reply

Your email address will not be published.