Decentralized wallet will appear in the Revolut application

This is provided by its strategy of transforming the application into a superApp

28.04.2022 - 09:00

173

1 min

What’s new? The CEO of the fintech company Revolut, Nikolay Storonsky reported that the app will soon feature a decentralized wallet with functionality for buying, selling, depositing, and withdrawing cryptocurrencies. Storonsky did not specify whether it is planned to develop its own wallet or use third-party projects. The company also intends to add options such as staking and lending, Reuters reports.

News on the Reuters website

What is known about Revolut’s plans? As part of its strategy to transform the app into a superApp, Revolut plans to become a one-stop financial services provider. Storonsky also revealed that the company is considering adding mortgage lending for its users. According to the head of Revolut, home loans are an important part of customers’ financial lives.

What had happened before? In October 2021, Revolut waived the fee for transactions with digital assets. Transaction turnover should not exceed $200 000 per month to receive zero fee. Previously, this limit was $200. In addition, US citizens will not pay fees for ATM withdrawals if the amount does not exceed $1200 per month.

Author: