Revolut Announces: Cryptocurrencies For Everyone!
Revolut, a digital banking alternative charging almost no fees, has announced they will be offering cryptocurrency trading for everyone using their app after brief delays.
According to their website, it is now possible to buy cryptocurrency in 25 fiat currencies “at the touch of a button.” The website further states that, “we only charge a simple, low-cost 1.5% markup on the average exchange price.”
The “cryptocurrency roll-out” will be done in batches, but right now, no transfers to external wallets or transfers of existing crypto to the app are possible. Sending crypto to other Revolut users is free, and the website ambitiously promises you can “even pay for your morning latte in Bitcoin!”
The London-based startup was founded by Nikolay Storonsky and Vlad Yatsenko and supports spending and ATM withdrawals in 120 currencies and sending in 26 currencies directly from the mobile app. It launched in 2015 with the aim of "building a fair and frictionless platform to use and manage money around the world" by removing hidden fees and having any markups generally transparent.