Revolut Teams Up with MetaMask to Unveil Revolut Ramp for Direct Cryptocurrency Transactions

Global digital bank Revolut partnered with the self-custodial wallet MetaMask to launch Revolut Ramp. This cutting-edge functionality empowers users to conveniently fund their MetaMask wallets directly from their Revolut accounts.

Continuing to broaden its cryptocurrency features, this innovative fintech company is focused on making it easier for individuals in the United Kingdom and the European Economic Area (EEA) to purchase cryptocurrency directly into their MetaMask wallets. Users can choose to make these purchases using the fiat balance they hold in Revolut or pay using their Visa or Mastercard.

Revolut Ramp is available through MetaMask’s app, browser extension, and Portfolio platform, allowing users to invest in up to 20 different cryptocurrencies, including Ethereum , USDC, and Shiba Inu.

Hello, everyone! We're beyond excited to share that we’re partnering with @RevolutApp With the rollout of Revolut Ramp, stepping into the world of web3 has just gotten a lot simpler for millions of users! https://t.co/5XtiDU6JoI

— MetaMask 🦊🫰 (@MetaMask) March 6, 2024

Moreover, this new feature simplifies the verification process for existing Revolut users by leveraging the existing know-your-customer (KYC) protocols already established in the Revolut app. New customers can also benefit from the Revolut Ramp, but they will need to complete the same KYC process that applies to all users of the digital banking service.

"This collaboration aims to give our users enhanced control over their cryptocurrency in an accessible and trusted manner, utilizing familiar platforms. It’s also pivotal in promoting wider cryptocurrency acceptance, making this digital frontier reachable for more individuals,\" commented Lorenzo Santos, senior product manager at ConsenSys, the creator of MetaMask.

Revolut Adapts Within the Cryptocurrency Landscape

Established in 2015, Revolut is a global neobank and fintech innovator, delivering banking solutions to both individuals and businesses through its app-centric framework. Its services encompass prepaid debit cards, peer-to-peer transfers, currency exchange, and cryptocurrency trading. Beyond facilitating payments and ATM operations in 120 currencies and money transfers in 29 currencies, this platform also allows its 40 million users access to various cryptocurrencies such as Bitcoin Ethereum, Litecoin, Bitcoin Cash, and XRP.

Recently, Revolut made the decision to temporarily suspend cryptocurrency services for its business clientele in the United Kingdom This move comes in response to new guidelines from the Financial Conduct Authority (FCA) concerning new regulations Revolut's partnership with MetaMask and the launch of Revolut Ramp signifies a major advancement in making cryptocurrency transactions easier and promoting wider acceptance.

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