Revolut, the London-based fintech firm, has added Bitcoin Cash and Ripple to its catalog of supported cryptocurrencies. Thus, customers will be able to buy the two added cryptos from the Revolut mobile app. This move signals the company’s desire to establish itself in the emerging cryptocurrency fintech market.
Bitcoin Cash Added to the Mix
Revolut was founded in London in 2015 as a fintech firm with a core focus on providing alternative digital banking solutions. The company dabbled in cryptocurrency in 2017, offering exchange services for Bitcoin, Litecoin, and Ethereum. Revolut has a partnership with Luxembourg-based Bitstamp to facilitate its cryptocurrency transactions. Bitstamp is reportedly the oldest surviving cryptocurrency exchange platform in the world. The addition of Bitcoin Cash and Ripple brings the London-based firm’s crypto catalog to five supported cryptocurrencies.
The firm charges 1.5 percent on every cryptocurrency transaction, and it reportedly facilitates 100,000 such deals per day. Not bad for a company whose primary focus isn’t digital currency trading. Revolut supports about 120 different fiat currencies, allowing people from different parts of the world to make use of its services. The firm differs from most traditional crypto exchange platforms in a few ways. Account holders cannot …
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