Popular Internet-Banking Firm Revolut is trying to Break America!
Revolut has finally broken into the U.S banking market with a current value of over $5.5 billion.
London-based Internet Banking Company Revolut is now trying to break America. The Revolut mobile application allows users to send/receive funds, exchange currencies, buy cryptocurrencies, and access to stock trading services.
Revolut has partnered with banking giant Metropolitan Commercial Bank to live the American dream, with Revolut announcing they have over 10 million users globally.
One of the main draws of the Revolut application is the ability to access salaries up to two days in advance at no extra costs, with deposits fully insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC).
While receiving your hard earn money in advance is a huge bonus, it doesn’t stop there. Users will access commission-free stock trading and cryptocurrency trading in the near feature.
Users can purchase Bitcoin, Ether, Litecoin, Bitcoin Cash, and Ripple directly from their Revolut accounts. Which is then stored on app for security, with options to sell and trade being added in the near future.
Banks are rapidly partnering with cryptocurrency exchanges and business to offer the digital assets alongside their traditional services, which is a breath of fresh area in the sector.
Hopefully, Revolut can keep up the pressure on traditional banks and help speed up the adoption of digital assets online.
Till the next time,
Popular Internet-Banking Firm Revolut is Trying to Break America! was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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