July 21, 2024

Bitcoin-friendly Revolut App Enters US Market

British startup Revolut announced that its application for banking and transactions with cryptocurrencies and shares is nowavailable in the USA.

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The company’s blog reports that the applicationRevolut has been in beta in the U.S. since June 2019. Now, American users will be able to send, receive and spend money, thanks to a partnership with the New York Metropolitan Commercial Bank. In addition, using the application you can control costs and plan budgets.

To date, the customer base of the platformreached 10 million users. In the future, Revolut plans to offer users uncommissioned trading in stocks and cryptocurrencies, competing with the popular in the US Robinhood application.

Recall that in February Revolut raised $ 500 million, as a result of which the company's capitalization reached $ 5.5 billion.

We also recall that according to some data, Revolut for an indefinite period abandoned plans to enter the Russian market.