Revolut
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#Revolut , a London-based fintech company valued at $45 billion, is reportedly developing its own #stablecoin , according to sources. The company, which obtained a U.K. banking license in July, aims to expand its cryptocurrency offerings with a focus on compliance. Revolut's spokesman emphasized the company's goal to become a safe and accessible provider of crypto asset services. The stablecoin sector, led by #tetherUsdt and Circleâs $USDC , has attracted new entrants, including PayPal and Ripple. Stablecoins, which are tied to real-world assets, generate profit through government-issued debt interest. The sector's growth is also influenced by Europe's upcoming Markets in Crypto Assets (MiCA) regulatory framework. Revolut has supported crypto trading within its app for years and launched a cryptocurrency exchange in May for advanced users.
#Revolut , a London-based fintech company valued at $45 billion, is reportedly developing its own #stablecoin , according to sources. The company, which obtained a U.K. banking license in July, aims to expand its cryptocurrency offerings with a focus on compliance. Revolut's spokesman emphasized the company's goal to become a safe and accessible provider of crypto asset services. The stablecoin sector, led by #tetherUsdt and Circleâs $USDC , has attracted new entrants, including PayPal and Ripple. Stablecoins, which are tied to real-world assets, generate profit through government-issued debt interest. The sector's growth is also influenced by Europe's upcoming Markets in Crypto Assets (MiCA) regulatory framework. Revolut has supported crypto trading within its app for years and launched a cryptocurrency exchange in May for advanced users.
đš JUST IN: Crypto-friendly #Revolut is said to be quite far along in creating its own #stablecoin
#revolutcrypto #TrendingTopic
#revolutcrypto #TrendingTopic
đ 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.
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.
đŁ #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
đŁ #Revolut , the UK-based fintech firm, has announced the end of its #cryptocurrency services in the United States ( #usa ).
#marketupdate #cryptonews
$BTC $ETH $BNB
#marketupdate #cryptonews
$BTC $ETH $BNB
UK-based Fintech Firm Revolut Ends Cryptocurrency Services in the United States.
#WebGTR #UK #Revolut #cryptocurrency #UnitedStates
#WebGTR #UK #Revolut #cryptocurrency #UnitedStates
Exciting news! Revolut has just made its grand entrance into the thriving Brazilian cryptocurrency market! đđ #Revolut #cryptocurrency #Brazil
đ„đ„đ„ #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 ÂŁ344 million, up from ÂŁ6 million in 2022, and revenues nearly doubling to ÂŁ1.8 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 ÂŁ50,000 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 ÂŁ344 million, up from ÂŁ6 million in 2022, and revenues nearly doubling to ÂŁ1.8 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 ÂŁ50,000 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 is set to introduce a crypto exchange targeted to advanced traders.
Digital bank #Revolut is set to introduce crypto exchange services with deeper analytical tools and lower fees than Revolutâs main app. The fees are set between 0% and 0.09%, and limit orders will not include a cost.
Earlier this week, it was revealed that Revolut intends to include Solana's meme coin, #BONK, in a "learn and earn" initiative, distributing $BONK to select customers as part of the campaign.
đ coindesk.com/business/2024/02/16/revolut-to-introduce-crypto-exchange-targeting-advanced-traders/
Digital bank #Revolut is set to introduce crypto exchange services with deeper analytical tools and lower fees than Revolutâs main app. The fees are set between 0% and 0.09%, and limit orders will not include a cost.
Earlier this week, it was revealed that Revolut intends to include Solana's meme coin, #BONK, in a "learn and earn" initiative, distributing $BONK to select customers as part of the campaign.
đ coindesk.com/business/2024/02/16/revolut-to-introduce-crypto-exchange-targeting-advanced-traders/
đ„đ„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
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 ÂŁ1 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:
âWith 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.â
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 ÂŁ1 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:
âWith 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.â
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/
Revolut, the UK-based fintech firm, has announced its decision to suspend cryptocurrency services in the US due to growing crypto regulatory uncertainties.
#Revolut
https://blockchainreporter.net/revolut-to-cease-crypto-operations-in-the-us-amid-regulatory-concerns/
#Revolut
https://blockchainreporter.net/revolut-to-cease-crypto-operations-in-the-us-amid-regulatory-concerns/
1. **#Revolut Workforce Expansion:** Digital #bank Revolut is preparing for a significant workforce expansion of 20% by the year's end. This expansion aims to recruit more than 1,000 employees across various regions, including the United Kingdom, Europe, and India.
2. **Distribution of Hires:** Around 40% of the new hires are intended for the UK division, while Revolut is also focusing on hiring #crypto compliance and investigation professionals across #global markets like Spain, India, and Poland.
3. **US Cryptocurrency Services Suspension:** In a recent development, Revolut announced the temporary suspension of its #cryptocurrency services in the United States, effective September 2nd. This suspension follows the bank's ongoing efforts to adapt and manage its cryptocurrency offerings.
2. **Distribution of Hires:** Around 40% of the new hires are intended for the UK division, while Revolut is also focusing on hiring #crypto compliance and investigation professionals across #global markets like Spain, India, and Poland.
3. **US Cryptocurrency Services Suspension:** In a recent development, Revolut announced the temporary suspension of its #cryptocurrency services in the United States, effective September 2nd. This suspension follows the bank's ongoing efforts to adapt and manage its cryptocurrency offerings.
đ„đ„đ„ #shibainunews : #Revolut Offloads 63B $SHIB & Other Crypto, What's Next?
Shiba Inu Update: Revolut Offloads 63 Billion SHIB Tokens
Revolutâs Strategic Shift
- Revolut has sold 63 billion Shiba Inu (SHIB) tokens, valued at about $958,860, as part of a broader strategy. The company also offloaded 236 Ethereum (ETH) worth $735,000 and 200,000 Uniswap (UNI) tokens valued at $1.36 million. This move suggests a strategic reallocation of their crypto holdings.
- In addition, Revolut has acquired 6.76 million GALA tokens, 992.42 million FLOKI tokens, and 61.38 billion PEPE tokens, indicating a shift towards diversifying and exploring new opportunities in the crypto market.
Market Impact and Speculations
-The large sale of SHIB tokens has raised concerns about potential volatility and a possible short-term dip in SHIBâs value. Currently, SHIB is trading at $0.00001504, down over 1% in the last 24 hours, with a 17% increase in trading volume but a 7% drop in open interest.
- Revolutâs acquisition of $PEPE and $FLOKI tokens suggests confidence in these newer assets, while SHIBâs increased burn rate has slightly buoyed market sentiment. Overall, Revolutâs transactions mark a significant shift in their crypto strategy, with close monitoring needed to assess the impact on SHIB and other assets.
Source - coingape.com
#CryptoMarkets #BinanceSquareTrends
Shiba Inu Update: Revolut Offloads 63 Billion SHIB Tokens
Revolutâs Strategic Shift
- Revolut has sold 63 billion Shiba Inu (SHIB) tokens, valued at about $958,860, as part of a broader strategy. The company also offloaded 236 Ethereum (ETH) worth $735,000 and 200,000 Uniswap (UNI) tokens valued at $1.36 million. This move suggests a strategic reallocation of their crypto holdings.
- In addition, Revolut has acquired 6.76 million GALA tokens, 992.42 million FLOKI tokens, and 61.38 billion PEPE tokens, indicating a shift towards diversifying and exploring new opportunities in the crypto market.
Market Impact and Speculations
-The large sale of SHIB tokens has raised concerns about potential volatility and a possible short-term dip in SHIBâs value. Currently, SHIB is trading at $0.00001504, down over 1% in the last 24 hours, with a 17% increase in trading volume but a 7% drop in open interest.
- Revolutâs acquisition of $PEPE and $FLOKI tokens suggests confidence in these newer assets, while SHIBâs increased burn rate has slightly buoyed market sentiment. Overall, Revolutâs transactions mark a significant shift in their crypto strategy, with close monitoring needed to assess the impact on SHIB and other assets.
Source - coingape.com
#CryptoMarkets #BinanceSquareTrends
