Revolut, American Customers, and New Opportunities

Cryptocurrencies have the potential to solve some of the issues connected with fiat currencies. Fintech firm Revolut offers transparent fees. In general, users can only trade within Revolut. Consequently, they can not send or receive crypto from third-party wallets. Notably, this fact will give it an advantage over Kraken, Coinbase, and others.

This is not the end of the story, as Revolut’s crypto service is very simple to use. For instance, with the touch of a button, a user can go straight into buying fiat currency. Interestingly, this fintech firm specializes in fiat and cryptocurrencies. Thus, a customer has the opportunity to do many crypto exchanges that a user can’t do anywhere in the world.

A fintech firm from the U.K. expanded its cryptocurrency trading services in the United States.

In the beginning, the cryptocurrency options will be limited to Bitcoin and Ether. Nevertheless, Revolut expects to add more currencies in the near future. The firm plans to analyze the account user demand to determine which currencies users would like to add in the future.

Revolut and U.S. market

The U.S. has a huge market and it is not surprising that Revolut, as well as other companies, would like to expand its services in the country.

As a reminder, fintech firm Revolut wanted to introduce this service in the U.S. in April. Nevertheless, after significant delays, the fintech firm expanded its cryptocurrency trading services in the U.S.

Importantly, as of July 15, residents of almost U.S. states, with the exception of Tennessee, have the opportunity to trade cryptocurrency on Revolut’s app. Moreover, the crypto offering will be provided in a partnership with Paxos.

Revolut’s service has been available to neobank’s European clients for several years. The cryptocurrency was also a strong user acquisition driver for the company in Europe. Revolut wants to achieve good results in the U.S. The company has 60,000 users in the country so far.