Crypto-Enabled Banking App Revolut Hits 3 Million Users


Revolut, a London-based digital banking startup with a retail-focused cryptocurrency exchange and trading app, has hit the 3 million user milestone.

The news comes several months after Revolut launched its Metal debit card, which rewards users with 1% cashback in either fiat or digital currencies on transactions outside Europe and 0.1% on any transaction within Europe.

The Metal debit card currently supports 29 different currencies, including Bitcoin (BTC), Litecoin (LTC), Ether (ETH), Bitcoin Cash (BCH) and XRP. The card now accompanies the Revolut app, which allows users to trade crypto with over 25 different fiat pairs with some of the lowest fees and best exchange rates on the market.

Last Spring, Revolut raised a $250 million Series C investment round at a $1.7 billion valuation and plans to release a Robinhood-like trading application in the near future. Although not currently available outside of Europe, the website is accepting applications for early access and will launch in the U.S., Canada, Australia and several other countries in the near future.

More: Revolut Announcement

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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