Payment Provider Revolut Raises $66 mln, Adds Bitcoin, Other Crypto ‘Next Week’
UK-based payment provider Revolut has raised $66 mln in Series B funding to fund expansion into cryptocurrency exchange. Revolut, founded two years ago by ex-Credit Suisse trader Nikolay Storonsky, aims to compete with bank-issued credit and debit cards by offering multiple currencies and fee-free international transfers. “As early as next week,” Bloomberg reports, the startup aims to launch a feature allowing its users to “hold, exchange, spend and transfer virtual currencies such as Bitcoin, Litecoin and Ethereum for free.” “Adding cryptocurrencies and the ability to buy and sell them is....
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Revolut has entered the crypto educational sector with a new initiative designed to foster “financial literacy.” The program, which will teach crypto newcomers the basics of digital assets, starts with a primer on all things Polkadot – and there’s $15 of DOT up for grabs. Crypto saving app and debit card service Revolut has been […]
The cryptocurrency-infused financial tech company Revolut has announced it has purchased a Wework office with bitcoin. Revolut detailed that the office space in Dallas, Texas will house 300 employees to prepare for the company’s U.S. expansion.
Revolut Pays Bitcoin for Wework Property in Texas
On September 16, 2021, Revolut, the fintech firm that offers users cryptocurrency services and aims to provide the world with a “global financial superapp” announced a deal with Wework. According to the announcement, Revolut will be leveraging the Wework workspace at....
Revolut, which is a British fintech and banking firm, has decided to launch a new feature called “spend from crypto”. This feature helps convert the crypto balance of customers into fiat money. That, in essence, will make it faster for Revolut cardholders to sell their crypto assets and channel the money to their credentials in […]
U.K.-based digital bank Revolut has been authorized by Cyprus to provide cryptocurrency services to millions of customers on the Old Continent. The fintech firm says the regulatory approval will allow it to establish a European crypto hub in the island nation.
Revolut to Expand Crypto Services for Europeans From Cyprus
A leader in the neobank sector, Revolut, has received approval from the Cyprus Securities and Exchange Commission (CySEC) to operate with cryptocurrencies and other digital assets. The company plans to establish a cryptocurrency hub on the island that will allow....
A third-party provider failure caused Revolut’s app to show wildly inaccurate crypto prices on Friday, the company confirmed, after users flooded social media with screenshots of Bitcoin listed at just 2 cents. Related Reading: Bitcoin Supply Shock: 100,000 BTC Vanish From Exchanges In Under 90 Days Third-Party Provider Blamed For Pricing Chaos Revolut acknowledged the problem in a public statement, saying engineers were working on a fix and urging customers to check its status page for updates. Hi. We want to help resolve the issues you’re facing with the Bitcoin price....