Payment app Revolut will launch its own crypto token and begin offering digital asset services that can take the adoption of crypto to a new level.
Payment app Revolut is seeking approval from the US Securities and Exchange Commission to launch its trading token, according to a recent report, and when the initiative goes public it will begin in Europe and other locations outside the US. Relying on sources familiar with the matter, I am currently looking for the leading fintech company to issue its crypto token. One of the sources stated that users can use the coin in a similar way to the Nexo and Wirex. These developments will be possible without early regulatory approval from the UK Financial Conduct Authority.
When this goes live, Revolut will initially focus on the EU market and locations other than the US.
The London-based company started offering crypto services a few years ago and has only increased the number of services. It added 11 more new cryptocurrencies such as Uniswap, Yearn Finance, Cardano and Uma to its platforms. While it isn’t the only fintech company offering digital asset products to its customers and competing with PayPal and Robinhood, the potential impact of the new features could be significant.
As recently reported, Revolut allows anyone to buy and sell crypto on their platform, but previously customers were only allowed to keep crypto in the app and no more, but now they can withdraw BTC to an external wallet. The company allowed cryptocurrency trading on its platform a few years ago and reported a 2.5x increase in crypto activity on its app last year. The demand for Dogecoin doesn’t stop with Revolut as Coinbase Pro is the exchange’s professional trading platform, which announced that the availability of coins has been made available on all Coinbase platforms with the launch of the exchange. DOGE operations valued at $ 1.2 million. Although it started in 2013 as a joke by developers who wanted to have fun in the market because the coin wanted to be used as a payment method.
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