FinTech Revolut Offers Fee-Free Encryption Negotiation

FinTech Revolut Offers Fee-Free Encryption Negotiation

Revolut currently offers Bitcoin, Bitcoin Cash, Litecoin and Ethereum, while another U.S. rival, Coinbase, offers transactions with dozens of digital currencies. U.S. competition among digital banking apps is crowded, with longer-established brands like PayPal, Venmo, Square and others each vying to get a piece of users’ financial services and crypto trading business. For example, PayPal, Venmo and Robinhood all offer fee-free trading. Oliveira told Decrypt that he’s not worried about the competition, as Revolut offers numerous services across its platform that could make it irreplaceable to U.S. users, including those for savings, remittances and airport lounges, among others.

The London-based platform launched in the U.S. last year and has found its U.S. client base largely in border states such as California and Arizona, where its remittance services are a big attraction. Oliveira told the news outlet that the firm has its sights set on making the U.S. its second-largest market after the U.K. “The free crypto part is part of a larger pitch to investors that we’re a provider of services,” Revolut’s U.S. CEO Ron Oliveira told Decrypt.

Read more: Revolut Offering Commission-Free U.S. Stock Trades See also: Inside Revolut: 5 Banking and Payments Products

NEW PYMNTS DATA: DIGITAL BANKING STUDY – THE BREWING BATTLE FOR WHERE WE WILL BANK About: Forty-seven percent of U.S. consumers are shying away from digital-only banks due to data security worries, despite significant interest in these services. In Digital Banking: The Brewing Battle For Where We Will Bank, PYMNTS surveyed over 2,200 consumers to reveal how digital-only banks can shore up privacy and security while offering convenient services to satisfy this unmet demand. ——————————

Co-founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut also has plans to launch a token, although it would not be initially available in the U.S. Revolut launched in the U.S. during the COVID-19 pandemic and now plans to boost its marketing efforts by tapping into expanded digital channels and social media influencers. In September, the company also paid for its largest U.S. office — a WeWork in Dallas — with bitcoin.

The News Highlights

  • FinTech Revolut Offers Fee-Free Encryption Negotiation
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Best Android Phones Below Rs 20,000 in India from Realme, Xiaomi, Samsung and others
Best Android Phones Below Rs 20,000 in India from Realme, Xiaomi, Samsung and others
1. Realme 8s 5G (Rs 17,999) – The Realme 8s 5G is priced at Rs 17,999 onwards in India and is available for purchase on the official Realme website and ...
Mugisha's academic success was built on three concepts
Mugisha’s academic success was built on three concepts
The second born of five children completed his studies at Riviera High School and according to him, he is not driven by high grades but the thirst to gain ...
OPPO's first folding phone can be released on December 14th
OPPO’s first folding phone can be released on December 14th
OPPO’s first foldable phone could launch as soon as December 14 OPPO is making the more logical step here, as it is a lot easier to break into a niche if ...
iPhone SE 3 in progress
iPhone SE 3 in progress
This news may excite many Apple fans in India, who aspired for an iPhone but couldn’t afford the flagship model due to its ultra-premium price. India ...
The Wicker Park pop-up helps support dozens of small vacation businesses
The Wicker Park pop-up helps support dozens of small vacation businesses
Suggest a Correction Suggest a Correction There’s something for everyone this holiday season, with three locations in Wicker Park, West Town and ...
The iPad Pro 2022 is expected to have a redesigned design and include wireless charging
The iPad Pro 2022 is expected to have a redesigned design and include wireless charging
Apple plans to release a revamped iPad Pro in 2022 with a glass back that will support wireless charging and reverse wireless charging. This allows users to ...
Apple's mixed reality headset will be focused on gaming, media consumption and communication, according to reports
Apple’s mixed reality headset will be focused on gaming, media consumption and communication, according to reports
Apple’s first mixed reality headset, according to Gurman, will not be a substitute for the Mac, iPhone, or iPad at first. He believes it will instead ...
Mass Effect Legendary Edition could be added to Xbox Game Pass and EA Play, according to a new listing
Mass Effect Legendary Edition could be added to Xbox Game Pass and EA Play, according to a new listing
Aggiornamenti Lumia (thanks, PureXbox), a Twitter user notorious for discovering new products buried on the Microsoft Store, just noticed a new listing for ...
Camera modules for the Samsung Galaxy S22 reappeared in a new leak
Camera modules for the Samsung Galaxy S22 reappeared in a new leak
If we can use the Samsung Galaxy S21 Ultra as our guide, those extra three holes on the right on the S22 Ultra module are for the laser autofocus system, the ...
FFXIV players  get  free week because the game is too popular
FFXIV players get free week because the game is too popular
It`s a huge week for Final Fantasy XIV, with the longawaited Endwalker growth launching this weekend in early get right of entry to and bringing new and ...
Show next
We will be happy to hear your thoughts

      Leave a reply

      Compsmag - Latest News In Tech and Business
      Logo