Revolut
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Revolut's crypto exchange will be launched across the European Union
#Revolut is expanding access to its crypto exchange, #RevolutX , across the European Union. Users across 30 European countries will now be able to trade over 200 tokens using the standalone app. The app offers relatively low fees, with zero charges for makers and a 0.09% fee for takers. Previously, Revolut announced that it intends to launch its own stablecoin.
š coindesk.com/business/2024/11/13/revolut-expands-crypto-exchange-across-eu-after-successful-launch-in-uk/
#Revolut is expanding access to its crypto exchange, #RevolutX , across the European Union. Users across 30 European countries will now be able to trade over 200 tokens using the standalone app. The app offers relatively low fees, with zero charges for makers and a 0.09% fee for takers. Previously, Revolut announced that it intends to launch its own stablecoin.
š coindesk.com/business/2024/11/13/revolut-expands-crypto-exchange-across-eu-after-successful-launch-in-uk/
Exciting developments in the crypto space! Revolut has just expanded its crypto exchange services to 30 new European markets, enhancing accessibility for traders across the continent.
This expansion offers a user-friendly platform with advanced security features and competitive fees, making it an ideal choice for both novice and experienced investors. With a diverse range of cryptocurrencies available and real-time market data at their fingertips, traders can now navigate the crypto landscape with ease.
Revolut is truly empowering the trading community by providing the tools needed to thrive in the dynamic world of cryptocurrency. #Revolut #Crypto #Fintech
Read more on www.ecoinimist.com.
This expansion offers a user-friendly platform with advanced security features and competitive fees, making it an ideal choice for both novice and experienced investors. With a diverse range of cryptocurrencies available and real-time market data at their fingertips, traders can now navigate the crypto landscape with ease.
Revolut is truly empowering the trading community by providing the tools needed to thrive in the dynamic world of cryptocurrency. #Revolut #Crypto #Fintech
Read more on www.ecoinimist.com.
šØ London-based fintech giant #Revolut expands its crypto exchange, Revolut X, to 30 new countries across the European Economic Area.
Revolut offers access to 200+ cryptos!
#RevolutX #cryptoexchange
Revolut offers access to 200+ cryptos!
#RevolutX #cryptoexchange
š„š„Revolut Expands Crypto Options with BONK and FLOKI Tokens
This addition brings the total number of cryptocurrencies available on #Revolut over 150.
It highlights the company's commitment to providing a diverse and robust trading environment.
At the Peak of 150 Cryptocurrencies in Revolut's Portfolio
The #BONK token is attracting attention in the crypto community by joining Revolut's curated list of digital currencies. BONK's integration into the Revolut platform is a strategic move. It is in line with the company's efforts to develop offerings and meet the evolving needs of users.
Revolut has established itself as a forward-thinking organization in the financial sector. It constantly integrates the latest technology and new features that allow users to manage their finances more effectively. The addition of the BONK token is aimed at attracting investors looking for portfolio diversity.
More Information About Revolut
On the other hand, Revolut has announced that FLOKI has been listed on its own platform. This significant addition makes the $FLOKI token accessible to more than 40 million users in more than 150 countries and increases the flexibility for users to purchase FLOKI using more than 25 fiat currencies, including GBP, EUR and USD.
Now users can expand their investment opportunities and diversify their cryptocurrency portfolios by purchasing FLOKI directly through the Revolut app.
The addition of BONK and FLOKI to the Revolut platform is part of the company's broader strategy to increase user engagement and satisfaction. As the cryptocurrency market continues to evolve, Revolut's commitment to updating its service offerings ensures that its users have access to the latest and most popular tokens.
#Memecoins #floki
This addition brings the total number of cryptocurrencies available on #Revolut over 150.
It highlights the company's commitment to providing a diverse and robust trading environment.
At the Peak of 150 Cryptocurrencies in Revolut's Portfolio
The #BONK token is attracting attention in the crypto community by joining Revolut's curated list of digital currencies. BONK's integration into the Revolut platform is a strategic move. It is in line with the company's efforts to develop offerings and meet the evolving needs of users.
Revolut has established itself as a forward-thinking organization in the financial sector. It constantly integrates the latest technology and new features that allow users to manage their finances more effectively. The addition of the BONK token is aimed at attracting investors looking for portfolio diversity.
More Information About Revolut
On the other hand, Revolut has announced that FLOKI has been listed on its own platform. This significant addition makes the $FLOKI token accessible to more than 40 million users in more than 150 countries and increases the flexibility for users to purchase FLOKI using more than 25 fiat currencies, including GBP, EUR and USD.
Now users can expand their investment opportunities and diversify their cryptocurrency portfolios by purchasing FLOKI directly through the Revolut app.
The addition of BONK and FLOKI to the Revolut platform is part of the company's broader strategy to increase user engagement and satisfaction. As the cryptocurrency market continues to evolve, Revolut's commitment to updating its service offerings ensures that its users have access to the latest and most popular tokens.
#Memecoins #floki
Digital fintech bank Revolut plans to launch its own stablecoin. The company received a banking license in the UK in July. The bank has ~45 million clients worldwide.
People will be happy with all this news untill all of their transactions gov track onchain!Ā
Than in a few years youll see posts about how crowd will be agains "system" again and dream about old gold fiat paper money days #Revolut
People will be happy with all this news untill all of their transactions gov track onchain!Ā
Than in a few years youll see posts about how crowd will be agains "system" again and dream about old gold fiat paper money days #Revolut
Revolut debuts dedicated crypto exchange for UK users
Fintech company and global neobank Revolut has made a big move into the cryptocurrency sphere by quietly introducing a specialized crypto trading platform for retail customers in the United Kingdom.
Revolut unveiled Revolut X on May 7, targeting a specific set of customers. The platform is designed to rival major cryptocurrency exchanges by offering easy access for users and charging minimal fees,Ā according to a press release shared with Cointelegraph.
The platform features easy āon-rampingā and āoff-ramping,ā allowing users to seamlessly convert fiat currencies like the British pound to crypto and vice versa. Notably, Revolut X offers fixed fees of 0% for makers and 0.09% for takers regardless of trading volume, potentially undercutting competitors.
Leonid Bashlykov, the Revolut head of crypto exchange product, said that the company is āexcitedā to introduce a new crypto product that will āchange the game for experienced crypto traders.ā
āWe understand that competitive fees as well as easy on and off ramping are at the heart of what experienced traders want from a crypto platform.ā
Initially, the platform will offer trading for over 100 cryptocurrencies, including popular choices like BitcoinĀ BTCUSD, EtherĀ ETHUSDĀ and XRPĀ XRPUSD. However, it says it plans to expand this selection in the coming months.Ā
It added that while the platform was designed with seasoned crypto traders in mind, any U.K. users with a retail account will have access to Revolut X desktop with their existing credentials, and they can trade directly between the platform and their #Revolut accounts without additional fees or limitations.
Fintech company and global neobank Revolut has made a big move into the cryptocurrency sphere by quietly introducing a specialized crypto trading platform for retail customers in the United Kingdom.
Revolut unveiled Revolut X on May 7, targeting a specific set of customers. The platform is designed to rival major cryptocurrency exchanges by offering easy access for users and charging minimal fees,Ā according to a press release shared with Cointelegraph.
The platform features easy āon-rampingā and āoff-ramping,ā allowing users to seamlessly convert fiat currencies like the British pound to crypto and vice versa. Notably, Revolut X offers fixed fees of 0% for makers and 0.09% for takers regardless of trading volume, potentially undercutting competitors.
Leonid Bashlykov, the Revolut head of crypto exchange product, said that the company is āexcitedā to introduce a new crypto product that will āchange the game for experienced crypto traders.ā
āWe understand that competitive fees as well as easy on and off ramping are at the heart of what experienced traders want from a crypto platform.ā
Initially, the platform will offer trading for over 100 cryptocurrencies, including popular choices like BitcoinĀ BTCUSD, EtherĀ ETHUSDĀ and XRPĀ XRPUSD. However, it says it plans to expand this selection in the coming months.Ā
It added that while the platform was designed with seasoned crypto traders in mind, any U.K. users with a retail account will have access to Revolut X desktop with their existing credentials, and they can trade directly between the platform and their #Revolut accounts without additional fees or limitations.
š¦ Revolut, one of the world's most valuable fintechs, has finally secured a banking license in the U.K., entering the PRA's "mobilization stage."
This move puts #Revolut on the path to becoming a fully licensed bank and offering #crypto services.
#fintech #banks #TrendingTopic
This move puts #Revolut on the path to becoming a fully licensed bank and offering #crypto services.
#fintech #banks #TrendingTopic
The recent surge in BONK's value, as evidenced by market charts and data, can be attributed to the cryptocurrency's partnership with Revolut, a prominent European financial technology company. This collaboration has the potential to significantly increase BONK's exposure to Revolut's extensive user base of over 38 million individuals.
The strategic move to partner with a well-established and reputable financial institution like Revolut appears to have instilled confidence in investors, resulting in increased demand for BONK tokens. As a result, the cryptocurrency has experienced a notable uptick in its market performance.
While the current market reaction to this news has been positive, it is essential to monitor how this partnership unfolds and whether it translates into sustained growth and adoption for BONK in the European market and beyond. Nonetheless, the initial response from investors suggests that this collaboration with Revolut is a significant milestone for BONK, and it has the potential to greatly impact the cryptocurrency's future trajectory.
$BONK #Revolut
The strategic move to partner with a well-established and reputable financial institution like Revolut appears to have instilled confidence in investors, resulting in increased demand for BONK tokens. As a result, the cryptocurrency has experienced a notable uptick in its market performance.
While the current market reaction to this news has been positive, it is essential to monitor how this partnership unfolds and whether it translates into sustained growth and adoption for BONK in the European market and beyond. Nonetheless, the initial response from investors suggests that this collaboration with Revolut is a significant milestone for BONK, and it has the potential to greatly impact the cryptocurrency's future trajectory.
$BONK #Revolut
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We have another quiz in the #Revolut application - this time at $SUI - you get a few free tokens.
š Quiz Answers:
š 4, 4, 4 (part I)
š 4, 1, 4 (part II)
š 3, 1, 4 (part III)
š 1, 2, 4 (part IV)
RevolutApp allows you to purchase crypto, over 20 digital assets (including ETH, USDC, USDT, SHIB, 1INCH), directly to MetaMask wallets using Revolut Ramp. The feature is available directly in the Revoluta mobile app, browser extension and MetaMask wallet.
You will find all Quizzes in the application in the Crypto tab.
If you don't have a Revolut account yet, you can use the link below:
š https://tiny.pl/dtvqd
https://twitter.com/cryptolife_79
š Quiz Answers:
š 4, 4, 4 (part I)
š 4, 1, 4 (part II)
š 3, 1, 4 (part III)
š 1, 2, 4 (part IV)
RevolutApp allows you to purchase crypto, over 20 digital assets (including ETH, USDC, USDT, SHIB, 1INCH), directly to MetaMask wallets using Revolut Ramp. The feature is available directly in the Revoluta mobile app, browser extension and MetaMask wallet.
You will find all Quizzes in the application in the Crypto tab.
If you don't have a Revolut account yet, you can use the link below:
š https://tiny.pl/dtvqd
https://twitter.com/cryptolife_79
Join me and the 35 million people who love Revolut. Register using the link below:
Best choice for crypto
SchlieĆe dich mir und 35Ā Millionen Nutzer*innen an, die Revolut lieben. Registriere dich mit dem Link unten:
https://revolut.com/referral/?referral-code=abdullply1!FEB2-24-AR-H1
#strk #TrendingTopic #BTCā¬ #Ethereum(ETH) #Revolut
Best choice for crypto
SchlieĆe dich mir und 35Ā Millionen Nutzer*innen an, die Revolut lieben. Registriere dich mit dem Link unten:
https://revolut.com/referral/?referral-code=abdullply1!FEB2-24-AR-H1
#strk #TrendingTopic #BTCā¬ #Ethereum(ETH) #Revolut
See original
#Revolut https://revolut.com/referral/?referral-code=sergejcinz!APR1-24-AR-H1
HUGE! š„ BIG BANKS FINALLY JOINING THE CRYPTO WAVEš„ But Who & Why? š¤š
The Largest Bank in Germany (Federal German Bank LBBW) is now planning to introduce crypto custody services by the second half of 2024! That's another confirm that, step by step, cryptocurrencies are getting widely accepted. In fact, LBBW moved in such direction in order to meet the high demand of its customers that are interested in digital assets. Thanks to Bitpanda's Investment-as-a-Service infrastructure, this Germany bank will be able to offer crypto solutions while ensuring security!
Let's not forget that the competition is heating up right now. Also major banks like Deutsche Bank and Commerzbank are exploring crypto custody and trading services. This is, in my opinion, triggering a chain reaction among banks. A chain reaction that will onboard the "late majority" of people who still didn't opt in and thus boost the entire crypto market cap!
STAY TUNED! šŖ& DYOR š
#CryptoNewsFlash #CryptoUpdates #cryptoadoption #Cryptocommunity $BTC $ETH
The Largest Bank in Germany (Federal German Bank LBBW) is now planning to introduce crypto custody services by the second half of 2024! That's another confirm that, step by step, cryptocurrencies are getting widely accepted. In fact, LBBW moved in such direction in order to meet the high demand of its customers that are interested in digital assets. Thanks to Bitpanda's Investment-as-a-Service infrastructure, this Germany bank will be able to offer crypto solutions while ensuring security!
Let's not forget that the competition is heating up right now. Also major banks like Deutsche Bank and Commerzbank are exploring crypto custody and trading services. This is, in my opinion, triggering a chain reaction among banks. A chain reaction that will onboard the "late majority" of people who still didn't opt in and thus boost the entire crypto market cap!
STAY TUNED! šŖ& DYOR š
#CryptoNewsFlash #CryptoUpdates #cryptoadoption #Cryptocommunity $BTC $ETH
Hi everyone!
I use #Revolut
Sign up with my link below and enjoy the benefits of being my referral:
https://revolut.com/referral/?referral-code=gabrie4w0u!JAN1-24-AR-H1
This is a very useful platform - a mobile bank. You get your own IBAN and also a one-time digital card for secure online shopping. Additionally, up to 2 physical plastic debit cards and up to 4 reusable digital cards (up to 5 years)
The platform itself has crypto trading at a basic level and I don't recommend you to trade crypto because there are high fees.
Plan Ultra also offers 2 years of access to NordVPN.
I use #Revolut
Sign up with my link below and enjoy the benefits of being my referral:
https://revolut.com/referral/?referral-code=gabrie4w0u!JAN1-24-AR-H1
This is a very useful platform - a mobile bank. You get your own IBAN and also a one-time digital card for secure online shopping. Additionally, up to 2 physical plastic debit cards and up to 4 reusable digital cards (up to 5 years)
The platform itself has crypto trading at a basic level and I don't recommend you to trade crypto because there are high fees.
Plan Ultra also offers 2 years of access to NordVPN.
Fintech Revolut Platform Stops Crypto Service in the US ā ļøā ļø
Crypto-friendly Fintech platform, #Revolut , will stop providing crypto services to users in the United States because of the country's strict regulatory landscape.
Specifically, according to the announcement, starting September 2, Revolut customers in the US will no longer be able to place orders to buy cryptocurrencies. Users will still be able to place sell orders until October 2, and from October 3, the service will be completely closed, meaning users will not be able to buy, sell or hold any cryptocurrency. any.
āDue to the difficult regulatory landscape of the crypto market in the United States, we must have made the decision to suspend crypto services in the United States,ā a Revolut spokesperson told The Block. The company's banking partner in the United States, Metropolitan Commercial Bank, also agreed with the decision.
The decision will not affect Revolut users outside of the United States and affects less than 1% of Revolut's crypto customers globally, according to the spokesperson. Revolut customers in all other markets can continue to register and use the platform's cryptocurrency service.
If US-based Revolut users do not sell their cryptocurrencies by October 2, the company will liquidate the remaining balance on October 3, and users will receive the same market price for each. token at the time, according to the email.
On July 1, rypto-friendly digital bank Revolut announced it would remove a range of digital assets from its platform in the United States due to strict regulatory actions. recently against crypto.
Specifically, it will delist tokens such as Cardano ($ADA ), Polygon ($MATIC ) and Solana ($SOL ) from its platform in September, a company spokesperson said.
Revolut is not the only company to drop these three tokens. Companies likeĀ #Robinhood ,Ā eToro Ā , andĀ Bakkt Ā have all announced the removal of ADA, MATIC, and SOL in recent weeks.
#cryptonews #bitcoin #ada
Specifically, according to the announcement, starting September 2, Revolut customers in the US will no longer be able to place orders to buy cryptocurrencies. Users will still be able to place sell orders until October 2, and from October 3, the service will be completely closed, meaning users will not be able to buy, sell or hold any cryptocurrency. any.
āDue to the difficult regulatory landscape of the crypto market in the United States, we must have made the decision to suspend crypto services in the United States,ā a Revolut spokesperson told The Block. The company's banking partner in the United States, Metropolitan Commercial Bank, also agreed with the decision.
The decision will not affect Revolut users outside of the United States and affects less than 1% of Revolut's crypto customers globally, according to the spokesperson. Revolut customers in all other markets can continue to register and use the platform's cryptocurrency service.
If US-based Revolut users do not sell their cryptocurrencies by October 2, the company will liquidate the remaining balance on October 3, and users will receive the same market price for each. token at the time, according to the email.
On July 1, rypto-friendly digital bank Revolut announced it would remove a range of digital assets from its platform in the United States due to strict regulatory actions. recently against crypto.
Specifically, it will delist tokens such as Cardano ($ADA ), Polygon ($MATIC ) and Solana ($SOL ) from its platform in September, a company spokesperson said.
Revolut is not the only company to drop these three tokens. Companies likeĀ #Robinhood ,Ā eToro Ā , andĀ Bakkt Ā have all announced the removal of ADA, MATIC, and SOL in recent weeks.
#cryptonews #bitcoin #ada
Revolut Introduces New Crypto Offering For Over 100 Tokens
Based on the underlying technology of each token, the UK-based digital banking provider #Revolut has categorized over 100 different tokens.
The Revolut app currently offers over 100 tokens, and this new tool groups them into series based on a variety of technical underpinnings, such as NFTs, metaverses, or games.
Customers will have the option of purchasing the entire series and distributing their investment equally among all tokens, or they can keep track of the entire series. Sources claim that "Crypto Collections" enables users to discover new tokens based on the #technology used in them and discover more about the protocols that underpin them.
#crypto collections include Metaverse, NFTs, Layer 1, and DeFi, for instance. A client may also monitor the collection as a whole using an aggregated view.
Instead than being forced to pick just one currency, users will be able to select areas of interest and spread their assets across a number of different currencies using "Crypto Collections." Currently, all Revolut plans have access to the functionality for a token fee of Ā£1 for ordinary customers.
Collections builds on its cryptocurrency education program "Learn and Earn," which started last July and has already had one million users finish the short courses, encouraging users to learn about the technology underpinning each token and make investments based on knowledge rather than excitement.
Executives from the startup claim that Collections enables users to discover new tokens based on the underlying technology and discover more about the goals of the protocol underlying the token.
Narmin Ibadullayeva, Product Owner for Crypto at Revolut, said:
āWith Collections, users can discover new tokens based on the underlying technology and understand more about what the protocol behind the token does. It also allows users to select the areas they are interested in and spread their investment over a number of tokens, instead of having to pick individual tokens.ā
In March 2023, the digital banking app unveiled a new crypto-learning program to help increase the accessibility of digital assets. Two lessons make up the new course, which is called "Polkadot Bonus."
One month after Revolut announced the launch of crypto staking on DOT, XTZ, ADA, and ETH crypto assets, users who finished the initial set of courses will now be taught the nuances of staking.
Revolut started allowing #cryptocurrency payments on its cards in November as part of its service for customers in the UK and Switzerland.
This news is republished from https://coinaquarium.io/
The Revolut app currently offers over 100 tokens, and this new tool groups them into series based on a variety of technical underpinnings, such as NFTs, metaverses, or games.
Customers will have the option of purchasing the entire series and distributing their investment equally among all tokens, or they can keep track of the entire series. Sources claim that "Crypto Collections" enables users to discover new tokens based on the #technology used in them and discover more about the protocols that underpin them.
#crypto collections include Metaverse, NFTs, Layer 1, and DeFi, for instance. A client may also monitor the collection as a whole using an aggregated view.
Instead than being forced to pick just one currency, users will be able to select areas of interest and spread their assets across a number of different currencies using "Crypto Collections." Currently, all Revolut plans have access to the functionality for a token fee of Ā£1 for ordinary customers.
Collections builds on its cryptocurrency education program "Learn and Earn," which started last July and has already had one million users finish the short courses, encouraging users to learn about the technology underpinning each token and make investments based on knowledge rather than excitement.
Executives from the startup claim that Collections enables users to discover new tokens based on the underlying technology and discover more about the goals of the protocol underlying the token.
Narmin Ibadullayeva, Product Owner for Crypto at Revolut, said:
āWith Collections, users can discover new tokens based on the underlying technology and understand more about what the protocol behind the token does. It also allows users to select the areas they are interested in and spread their investment over a number of tokens, instead of having to pick individual tokens.ā
In March 2023, the digital banking app unveiled a new crypto-learning program to help increase the accessibility of digital assets. Two lessons make up the new course, which is called "Polkadot Bonus."
One month after Revolut announced the launch of crypto staking on DOT, XTZ, ADA, and ETH crypto assets, users who finished the initial set of courses will now be taught the nuances of staking.
Revolut started allowing #cryptocurrency payments on its cards in November as part of its service for customers in the UK and Switzerland.
This news is republished from https://coinaquarium.io/
š£ #Revolut launches crypto trading platform - Revolut X
Revolut introduces "Revolut X" in the UK, a dedicated crypto trading platform targeting professional traders
Available from today, users can trade over 100 tokens with 0% maker and 0.09% taker fees.
#uk #trading #cryptotrading #TrendingTopic
Revolut introduces "Revolut X" in the UK, a dedicated crypto trading platform targeting professional traders
Available from today, users can trade over 100 tokens with 0% maker and 0.09% taker fees.
#uk #trading #cryptotrading #TrendingTopic
š Crypto-friendly #Revolut is said to be quite far along in creating its own stablecoin, according to two people familiar with the plan.
A spokesman for Revolut said the company wants to expand its crypto offerings, taking a compliance-first approach to become a safe harbor for the entire crypto community.
Revolut, which snagged a U.K. banking license in recent months, would join other entrants to the stablecoin sector including PayPal, Ripple and BitGo.
A spokesman for Revolut said the company wants to expand its crypto offerings, taking a compliance-first approach to become a safe harbor for the entire crypto community.
Revolut, which snagged a U.K. banking license in recent months, would join other entrants to the stablecoin sector including PayPal, Ripple and BitGo.
š„š„š„ #Revolut Clears Final Hurdle for UK Banking Operations after 3 Years of Efforts
Revolut Secures UK Banking License After Three-Year Wait
- Revolut has obtained its UK banking license from the Prudential Regulation Authority (PRA) after a three-year application process. This license, initially with restrictions, allows Revolut to gradually build its banking operations.
CEO's Remarks and Regulatory Approval
- CEO Nik Storonsky expressed pride in this milestone, aiming to make Revolut the preferred bank for UK customers. The approval follows Revolut overcoming regulatory challenges, including financial reporting issues, with a recent unqualified audit opinion from BDO.
Expansion and Market Presence
- With the UK license, Revolut plans to expand its offerings in its largest market, complementing its existing European banking license from Lithuania. Revolut has around 9 million UK customers and over 45 million globally.
Financial Growth and Workforce Expansion
- Revolut, valued at $45 billion, reported strong 2023 financial results with pre-tax profits of Ā£344 million, up from Ā£6 million in 2022, and revenues nearly doubling to Ā£1.8 billion. The company added over 2,000 employees in 2023, totaling over 8,000.
Future Plans and Valuation
- During the initial "mobilization" phase, Revolut will be restricted to holding no more than Ā£50,000 in total customer deposits, working closely with regulators for up to 12 months. Reports indicate Revolut is nearing a deal to sell $500 million worth of employee shares, potentially valuing the company at $45 billion.
Conclusion
The UK banking license is a pivotal achievement for Revolut, enabling it to expand its operations and solidify its position in the global fintech industry. With strong financial growth and a growing customer base, Revolut is poised for continued success.
Source - financemagnates.com
#CryptoTrends2024 #BinanceSquareTalks #CryptoMarkets
Revolut Secures UK Banking License After Three-Year Wait
- Revolut has obtained its UK banking license from the Prudential Regulation Authority (PRA) after a three-year application process. This license, initially with restrictions, allows Revolut to gradually build its banking operations.
CEO's Remarks and Regulatory Approval
- CEO Nik Storonsky expressed pride in this milestone, aiming to make Revolut the preferred bank for UK customers. The approval follows Revolut overcoming regulatory challenges, including financial reporting issues, with a recent unqualified audit opinion from BDO.
Expansion and Market Presence
- With the UK license, Revolut plans to expand its offerings in its largest market, complementing its existing European banking license from Lithuania. Revolut has around 9 million UK customers and over 45 million globally.
Financial Growth and Workforce Expansion
- Revolut, valued at $45 billion, reported strong 2023 financial results with pre-tax profits of Ā£344 million, up from Ā£6 million in 2022, and revenues nearly doubling to Ā£1.8 billion. The company added over 2,000 employees in 2023, totaling over 8,000.
Future Plans and Valuation
- During the initial "mobilization" phase, Revolut will be restricted to holding no more than Ā£50,000 in total customer deposits, working closely with regulators for up to 12 months. Reports indicate Revolut is nearing a deal to sell $500 million worth of employee shares, potentially valuing the company at $45 billion.
Conclusion
The UK banking license is a pivotal achievement for Revolut, enabling it to expand its operations and solidify its position in the global fintech industry. With strong financial growth and a growing customer base, Revolut is poised for continued success.
Source - financemagnates.com
#CryptoTrends2024 #BinanceSquareTalks #CryptoMarkets
šØ JUST IN: Crypto-friendly #Revolut is said to be quite far along in creating its own #stablecoin
#revolutcrypto #TrendingTopic
#revolutcrypto #TrendingTopic