2 Million Revolut Customers Get More Cryptocurrency Access.
The blockchain-bitcoin technology since its genesis has provided a series of possibilities, for all users who seek the greatest convenience to make their purchases, that is why, every day new companies can provide what users demand and that is where the cryptocurrency ecosystem has its strengths and crypto take value for the use and preferences they have, as evidenced by the markets, having bitcoin as a leader in acceptance.
In the heady days of 2017, Revolut Ltd promised it would continue to add cryptocurrency choices for its customer base. The future promise was made after its rollout of onboarding bitcoin core (BTC), litecoin (LTC), and ether (ETH) to eager users. Just this week, the England-based company made good by further adding bitcoin cash (BCH) and ripple (XRP).
Therefore, for customers and users to enjoy new services, Revolut adds Bitcoin Cash and Ripple to its Crypto offerings. In a series of questions and answers format for their unconventional press release this week, the company asked itself “Why did you only add XRP and BCH?” The answer was “Simple: these were the two most popular cryptocurrencies our community wanted, so we rolled up our sleeves and made it happen.” They went on to stress how they’re looking to do even more crypto-related service in the future, asking customers “make some noise and let us know what you want us to add next. We’ll take care of the rest.”
Therefore, London’s Revolut kept its promise. Following eager anticipation of its initial embrace of three cryptocurrencies (BTC, ETH, LTC), and successful implementation, the skyrocketing financial technology company announced this week it is now implementing bitcoin cash (BCH) and ripple (XRP) to its basket of cryptos.
In this sense, the digital bank that was born three years ago has a popular prepaid debit card, peer-to-peer payments platform, and both currency and cryptocurrency exchanges for its two million customers. To stay competitive, Revolut operates a loss leader fee structure for many of its services (free). Its proprietary application allows fiat-to-crypto in over two dozen government currencies, serving over 100 countries worldwide. The company’s backend transactions are managed by crypto exchange heavy Bitstamp, which is a very efficient exchange in the cryptographic ecosystem.
Likewise, it is mentioned that it is open and available to everyone. “With hundreds of thousands of customers now actively exchanging cryptocurrencies in the app,” Revolut explained in a cheeky announcement, “the popular view was that we needed to add more digital currencies in addition to bitcoin, litecoin and ether. After months of debate and hard work, we’re extremely proud to welcome XRP and BCH to the Revolut app, which means you can now instantly exchange any of our 25 supported fiat currencies directly into XRP and BCH.”
As mentioned, although many establishments resist crypto trade, this is a direct trade, Revolut customers can use their MasterCard or Visa cards independently. Revolut performs all conversions instantaneously, which could be very useful to enable the monetary aspect of the cryptocurrency. Premium customers receive a concierge service along with 1% cryptographic cashbacks. In other words, users always receive information and help to carry out their transactions.
“We have always believed that the world of cryptocurrencies should be open and available to everyone, and not reserved for the tech savvy and digital currency enthusiasts,” the company detailed. “So, back in December, we launched a product that would allow millions of our customers to instantly buy, hold and sell cryptocurrencies at the touch of a button. No exchanges. No private keys. No cold storage. Just instant exposure at your fingertips.”
This is an option that can be applied easily and safely is like using a debit card, the merchant has no problems when accepting a sale, this is done transparently, the conversions are made by the company offering the service, this is to be able to approach blockchain-bitcoin technology without friction, instantly you can buy it in stores. It waits for new ads.
Disclaimer: InfoCoin is not affiliated with any of the companies mentioned in this article and is not responsible for their products and / or services. This press release is for informational purposes information does not constitute investment advice or an offer to invest.