The mobile application Revolut has recently added the option to buy XRP and Bitcoin cash. Revolut has a mobile banking application. It facilitates various types of transactions for the users. Moreover, it integrates various investment solutions and even provides debit card services. As a result, a lot of users use it in order to conduct their day to day online transactions as well. Users will now be able to buy these cryptocurrencies along with the others.
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Previous additions:
Litecoin was added to the application in December 2017. Bitcoin was added in July 2017. As a result, the cryptocurrency options for the users of Revolut are increasing significantly. According to a blog post, the recent addition of XRP in Bitcoin Cash has taken months of hard work. Users will be able to buy these cryptocurrencies with the help of 25 Fiat currencies which are supported by the application.
According to a blog post by Revolut, XRP and Bitcoin Cash are the 2 most popular cryptocurrency is currently. The community was demanding the addition of both of these cryptocurrencies. In the future, Revolut is also open to adding more cryptocurrencies according to the needs of the community.
Revolut is also allowing the users to utilize these cryptocurrencies with the help of their debit cards. They will just end up the corresponding Fiat currency amount. As a result, the users will be able to easily transact using their cryptocurrency balance as well.
Revolut application features:
According to another blog post on Revolut, the markup fee is just 1.5%. Also, there is also an option to send cryptocurrency to other users.
Fundraising by Revolut:
The recent move to add 2 different cryptocurrencies was initiated after a fundraising round by Revolut. In series B round, the mobile banking application raised around $ 66 million. The investors included index ventures as well as Ribbit Capital and Balderton Capital. This clearly indicates that it is able to attract marquee name investors to the mobile application.
With these additions of cryptocurrencies, now users will be able to easily invest in cryptocurrencies in addition to conducting other transactions. As a result, it will become easier for users to manage the expenses as well as investments from a single mobile banking application.
It remains to be seen what impact this has on the cryptocurrencies themselves. With this added demand, the cryptocurrencies are sure to remain buoyant for at least a shorter period of time as there will be a slight uptick in demand. Tags: revolut ripple review, is revolut ripple safe, revolut card uk ripple bitcoin cash, revolut australia ripple bitcoin cash, revolut usa ripple bitcoin cash, how does revolut make money with ripple bitcoin cash
Bitcoin is working for Revolut
After Revolut added cryptocurrency trading last year it broke even in December for the first time — and added 500,000 customers in January and February to take its total customer base to 1.5 million.
Revolut has ambitions to entirely replace conventional bank accounts and now claims to process $1.8 billion in transactions each month.
Since it was established in July 2015, Revolut has processed 60 million transactions with a total volume transaction of $15 billion.
Revolut has raised a total of $336 million from investors and in April told Forbes it’s quintupled its valuation to $1.7 billion, following a record $250 million funding round led by Hong Kong’s DST Global.
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