While Revolut does not offer users the exact features presented by stronger cryptocurrency markets, it will provide fresh cryptocurrency traders using a relatively straightforward and pragmatic way of investing capital in the crypto currency market, thus hastening wide spread adoption.
The Revolut platform, is different from other cryptocurrency platforms such as Coinbase. Unlike conventional crypto exchanges, Revolut does not allow users the ability to take care of their wallets. As an alternative, Revolut supplies users the choice to deposit fiat money and get cryptos over the closed Revolut eco-system — tokens purchased through Revolut cannot be moved from this stage, and may simply be redeemed by attempting to sell them to get fiat within Revolut.
Revolut established cryptocurrency investment services from 2017, now makes it feasible for users to get and hold a variety of cryptos including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple.
The movement to let Bitcoin Cash and Ripple buys through Revolut was declared within an Website article on May 24, 2018:
Interestingly, it’s likely to make use of the Revolut card which will be paired with all the Revolut program — to use cryptocurrency to purchase fiat-currency. Clients have the ability to subtract fiat purchases in their own Revolut cryptocurrency holdings in market rates during that time of purchase. Additionally, it is likely to move cryptocurrency between Revolut accounts.
Revolut, a trading platform that’s seized the name of this fastest-growing “unicorn” fintech corporation, has announced the launching of Bitcoin Cash and Ripple service for its Revolut trading program. The accession of BCH and also XRP into the trading program will observe that the Revolut userbase, which now implements over 100,000 transactions each day, subjected to the 2 popular cryptos.
Founded by CEO Nikolay Storonsky at 2017, Revolut is established around a center offering of app-driven charge card solutions. Ever since launching, nevertheless, Revolut has included a run of further financial services which currently have the choice to put money into a range of distinct cryptocurrencies.
