Data provided by U.K.-based finance app Revolut shows the coronavirus lockdown has impacted the crypto trading habits of its users. Almost a third of Revolut’s 10 million customers have traded cryptocurrency on the app, which caters to casual, retail crypto traders. As the lockdown restrictions were introduced during March, the average size of cryptocurrency purchases from its U.K. customers fell by 58%, from roughly $663 to $281. UK traders regain confidence during April However, crypto confidence rebounded strongly towards the end of April, with the average sum purchased by users increasing 57%. There was a 68% increase in the number …

Digital banking app Revolut has rolled out its cryptocurrency services for all standard users, saying it is widening access earlier than planned due to the global economic crisis. In an email to users on April 1, the United Kingdom-born fintech announced that cryptocurrency accounts and trading — previously reserved from Premium and Metal tier users of the app — are as of now available for all standard users, at a 1.5% flat fee per trade. A warning “right now” Amid the unprecedented economic turbulence sparked by the COVID-19 pandemic, Revolut cautions its users that “we are starting to see quantitative …

United Kingdom-born digital banking app Revolut is launching today, March 24, in the United States — but investors will have to wait for its crypto trading functionality to be up and running. Revolut’s rollout in the U.S. follows a major partnership with Visa back in October, which paved the way for the fintech’s global expansion to 24 new markets, including North America. That same month, it expanded its partnership with Mastercard to further support its U.S. offering. The neobank and smartphone app is already firmly established in Europe — with over 10 million users, according to an email shared with …

Revolut is coming to the smartphone near you with an array of cryptocurrencies. Having just raised $500 million on a $5.5 billion valuation, Revolut is one of the biggest fintechs in Europe. Revolut is a neobank: simply, a bank without the expense and convenience of physical branches or the headache of licensing. Revolut is already well-established in Europe. On its home soil, it allows users to buy and sell Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and (XRP) for one of 29 fiat currencies. Revolut expects to start offering the same service to its clients in the United …

Cryptocurrency-friendly internet banking app Revolut plans to launch in the United States later this year, the company has confirmed. Mastercard joins Visa support for Revolut In a press release on Oct. 22, Revolut said its expanding partnership with Mastercard would allow it to enter the U.S. market by the end of 2019. United Kingdom-based Revolut has offered consumers both Visa and Mastercard spending since its launch in 2015. In 2017, it began offering the exchange of three cryptocurrencies: Bitcoin (BTC), Ether (ETH) and Litecoin (LTC). This later increased to five with the addition of Bitcoin Cash (BCH) and XRP. Unlike …

United Kingdom-based digital banking app Revolut announced a major partnership with Visa to expand its services globally across 24 new markets, including North America. According to a Sept. 30 press release, this will bring 56 markets worldwide in total into Revolut’s reach. North, Latin American and Asian markets Per the release, the terms of the agreement stipulate that Revolut will primarily issue Visa-branded cards as it pursues its global expansion push. Visa will enable the app to launch services initially in Australia, Brazil, Canada, Japan, New Zealand, Russia, Singapore and the United States. This first group of jurisdictions will be …