Revolut, a digital banking platform, has introduced free currency exchange between US dollars and stablecoins to its 65 million users worldwide. The neobank is now providing precise one-to-one transactions, eliminating the customary spreads and transaction expenses that generally come with cryptocurrency on-ramping and off-ramping operations. The new service on the
The financial technology giant Revolut has received regulatory permission to offer cryptocurrency services across the European Economic Area through approval by Cyprus authorities. The London-based company was granted the Markets in Crypto-Assets Regulation license by the Cyprus Securities and Exchange Commission, which is a major step in its digital asset
A user of Revolut, a British multinational neobank and fintech company, has claimed that he got confusing deposit instructions, and then he lost 1,500 USDC in a transfer. The claimant, Tzoni Raykov, a native of Bulgaria, first thought that he had followed the right steps while transferring USDC from an
Robinhood Markets Inc. and Revolut Ltd., two prominent fintech firms, are reportedly exploring the possibility of launching their own stablecoins, as per a Bloomberg report. If they entered the stablecoin market, the companies would follow the path of other financial giants like PayPal, which introduced its PYUSD stablecoin last year.
Revolut has decided to discontinue offering cryptocurrency trading services to US users as of September 2023. This is due to regulatory uncertainties in the US. On Friday, August 4th, a Revolut representative stated that from September 2nd, the company will no longer enable customers in the United States to purchase
In light of recent regulatory changes in the U.S., crypto-friendly neobank Revolut will soon be delisting a number of digital assets from its platform. The Revolut team informed that the company plans to permanently remove tokens such as Cardano, Polygon, and Solana from its platform in the month of September.
Revolut, a digital bank, has recently opened in Brazil, making its services available to Brazilian citizens for the first time. Revolut has already introduced its solutions in Europe and other locations, but this is the company’s first entry into the Latin American market. Foreign exchange and remittance services in numerous
With the cryptocurrency sector coming under the scrutiny of tax authorities throughout the world, the fintech company Revolut has added an automatic tax reporting tool for its customers. The fintech firm has collaborated with Koinly, a cryptocurrency tax solution, to give its customers the ability to produce cryptocurrency tax reports
Revolut, a London-based fintech startup that facilitates cryptocurrency trading, witnessed a 33% increase in revenue in 2022, according to the company’s chief financial officer. In spite of the bear market in cryptocurrencies last year and generally poor macroeconomic circumstances, it managed to achieve great outcomes. Revolut’s Chief Financial Officer Mikko
The audits of pro-cryptocurrency bank Revolut reportedly had problems, as reported by the Financial Times, United Kingdom. A Financial Reporting Council (FRC) assessment from July said that the audit of a certain corporation (which was not identified) had flaws. The FRC said that there was “the risk of an undetected
