Revolut expands crypto lineup to 100 tokens

abdelaziz Fathi

Revolut, a London-based neobank, is expanding its digital asset offering with the addition of 12 extra tokens as it seeks to build market share against crypto-native platforms.

Revolut

The Neobank app has added BLZ, BOND, FIDA, GMT, GODS, GST, LPT, MINA, RAD, RNDR, SUPER, UNFI. As Revolut quadrupled its token portfolio in 2022, the latest additions bring the total number of cryptocurrencies available to customers in the UK and the EEA to nearly 100.

Revolut, which bills itself as a ‘digital banking alternative’, notes that all of these tokens are available for everyday card purchases. On top of that, users can benefit from the 1% cashback feature, which was recently launched for its crypto-enabled cards in the UK and Switzerland.

Alongside the launch, the London-based fintech has added a new currency to its ‘Learn & Earn’ courses, which launched in July and hit one million users just one month later.

“This year we have not only increased the number of cryptocurrencies available in the Revolut app to close to 100 tokens and launched Crypto Learn & Earn education courses enjoyed by millions of our customers. Now, we are making crypto even more mainstream, by empowering people to use crypto-enabled cards to spend their tokens for everyday purchases,” said Revolut crypto general manager Emil Urmanshin.

Crypto Learn & Earn is a program offered by Revolut which allows eligible customers to learn about supported crypto assets by completing short lessons, and earn crypto rewards. The in-app courses have been created to help customers improve their knowledge of cryptocurrencies and related topics, including blockchains, and the most popular tokens and protocols.

The expansion of its crypto offering comes hot on the heels of introducing a new ‘spend from crypto’ feature, which converts users’ crypto balance into fiat money that can be spent to pay for everyday purchases.

The new feature makes it faster for Revolut cardholders to sell their crypto assets and push those funds to their credentials in real-time to pay for eCommerce and in-person purchases. The conversion transaction is subject to the exchange rate and crypto exchange fees applicable to each user’s subscription plan.

The challenger bank recently increased its fair usage caps, enabling US consumers to trade crypto up to $200,000 per month. Revolut, which is valued at $33 billion, has also launched price alerts, the ability to recur transfers, and enabled customers to buy crypto with their “spare change round-ups”.

Read this next

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Digital Assets

Prisma Finance suffers $10 million crypto exploit, attack ongoing

Liquid staking protocol Prisma Finance fell victim to a security exploit on March 28, resulting in nearly $10 million in Prisma mkUSD and wrapped stETH being stolen by hackers.

Digital Assets

Masa and LayerZero: Bridging Blockchains for Data Sovereignty

Masa Network is poised to revolutionize the personal data landscape with its upcoming launch as a cross-chain platform, making it accessible on a variety of blockchains right from the start.

<