Revolut, as part of its strategy to transform into a superapp, is developing a crypto wallet andaccompanying functionality. The CEO of the fintech company, Nik Storonsky, stated this in an interview with Reuters.
To switch to universal supplier statusfinancial services in the foreseeable future, Revolut will also launch a BNPL product and expand its capabilities for free and instant cross-border transfers. Mortgage lending may appear in the future, the company’s CEO added.
Let’s remember that in October 2021, Revolut zeroed out commissions on cryptocurrency transactions for US clients up to $200,000 monthly.
In April 2022, Robinhood expanded access to its cryptocurrency wallet beta to 2 million users. The online broker is expected to launch for all clients during 2022.
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