Challenger bank Revolut has added Bitcoin Cash and Ripple to its cryptocurrency feature, which allows customers to trade cryptocurrencies within its mobile app.
The cryptocurrency feature, launched in December 2017, already enables users to buy, hold, and sell Bitcoin, Litecoin and Ethereum.
Go deeper with GlobalData
Revolut users can exchange 25 fiat currencies into cryptocurrency, and can also set up alerts whenever a cryptocurrency hits a certain value.
Revolut co-founder and chief technology officer Vlad Yatsenko said: “We launched this world-first feature in order to offer frictionless exposure of Cryptocurrencies to the mainstream population. The idea of exchanges, private keys and cold storage is a complete turn off for some people, so we wanted to offer a simple way for consumers to get exposure in this area.
“We’ve been asking the Revolut community which Cryptocurrencies they would like to see next, and the demand for both XRP and Bitcoin Cash has been absolutely overwhelming. After months of negotiations and development work, we’re incredibly excited to offer exposure to these two digital currencies to the UK market.”
Revolut currently carries out 100,000 cryptocurrency transactions daily and charges an exchange fee of 1.5%.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
