Revolut app now allows users to buy, sell and store Bitcoin, Ripple XRP and Cash.
In July last year, the company added an in-app bitcoin, and in December 2017 litecoin and ether. Now for users of the app available in a total of 5 of 25 cryptocurrencies and Fiat currencies.
The company said that XRP and BCH were chosen because they are most popular among app users. In addition, the company does not exclude that in the future I can add other crypto currencies, if users have any they need.
Revolut also allows users to use a cryptocurrency for payments when you use debit cards Revolut:
When you pay with your card Revolut, we’re just making cryptocurrency from your account the appropriate amount in bitcoin by using real exchange rate.
When buying cryptocurrency Revolut charges a Commission rate of 1.5%. This is the average Commission for most of the cryptocurrency exchanges. Within the app users can list each other cryptocurrency, but to derive it from the app or Vice versa to Deposit funds in bitcoin via the app – it is impossible because of the strict regulations.
The app started integrating cryptocurrency after a round of financing of series B in the amount of $ 66 million last summer. This round was attended by Index Ventures, an investor in cryptocurrency startups BitPay and Xapo, as well as Balderton Capital and Ribbit Capital.