The popular cryptocurrency friendly Internet banking and crypto app Revolut is in the latest crypto news for its launch in the United States later this year. The company confirmed the plans and issued a press release on October 22 when they said that they are expanding their partnership with MasterCard.
The launch of the debit cards by the crypto app Revolut is expected by the end of 2019. As you probably know, the UK-based Revolut has been offering consumers spending in both Visa and MasterCard ever since its launch in 2015.
In 2017, Revolut started offering the exchange of three cryptocurrencies including Bitcoin (BTC), Ether (ETH) and Litecoin (LTC). This was all over the Litecoin news and other cryptocurrency news two years ago. Later on, the crypto adoption increased to five crypto coins including Bitcoin Cash (BCH) and Ripple (XRP).
Unlike the fiat product offered by the crypto app Revolut, the exchange facility is not backed by the UK finance regulator. Right now, it remains unclear whether the company will launch with the same cryptocurrency support as in its European market. Along with the US, executives plan to broaden the service and its reach to the Asia Pacific and South American markets.
The founder and CEO of the crypto app Revolut Nik Storonsky commented in a press release and said:
“Launching in the U.S. will be a huge milestone for us, and we are delighted Mastercard will be our go-to-market partner.”
Earlier this month, Revolut also announced the launch of Visa cards for its new markets. With this, the crypto app and brand officialized a lot of things and hinted on many new things and developments forward.
“Every month, 600000 people open a Revolut account to spend and manage their money. Open an account with us in minutes today,” the official website of Revolut notes.
On its cryptocurrency page, the crypto app Revolut shows that users can “use the Revolut app to buy, sell, receive or spend cryptocurrency; or send cryptocurrency to other Revolut accounts.” The terms and conditions are clearly listed and comply with the Personal Terms and Fees pages. There is also detailed information on buying and selling cryptocurrency with Revolut, and the brand clearly states that “cryptocurrencies are not e-money and are not regulated in the UK by the Financial Conduct Authority (FCA).”
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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