Revolut Adds XRP & Bitcoin Cash: Offering “Frictionless” Cryptocurrency Exposure to Mainstream Population

Earlier this week Digital challenger bank Revolut asked customers to help name its new and exclusive metal card. Now the maverick platform has moved again from metal to crypto: Revolut customers can buy, hold and sell two more cryptocurrencies instantly within the app. In December last year, Revolut launched an app feature that allows its 1.8 million customers to buy, hold and sell cryptocurrencies instantly from within the app. In addition to Bitcoin, Litecoin and Ethereum, Revolut has today added XRP and Bitcoin Cash to its list of growing cryptocurrencies.

[clickToTweet tweet=”In addition to Bitcoin, Litecoin and Ethereum, @RevolutApp has today added #XRP and #BTC Cash to its list of growing #Cryptocurrencies.” quote=”In addition to Bitcoin, Litecoin and Ethereum, @RevolutApp has today added #XRP and #BTC Cash to its list of growing #Cryptocurrencies.”]

“We launched this world-first feature in order to offer frictionless exposure of Cryptocurrencies to the mainstream population. The idea of exchanges, private keys and cold storage is a complete turn off for some people, so we wanted to offer a simple way for consumers to get exposure in this area,” explained Revolut Co-Founder & CTO Vlad Yatsenko. “We’ve been asking the Revolut community which Cryptocurrencies they would like to see next, and the demand for both XRP and Bitcoin Cash has been absolutely overwhelming. After months of negotiations and development work, we’re incredibly excited to offer exposure to these two digital currencies to the UK market.”

Revolut customers may instantly exchange 25 fiat currencies directly into Cryptocurrency, which can then be securely held and sold directly within the app in seconds, and even allows customers to set up alerts whenever a specific Cryptocurrency hits a certain value. Revolut said that the addition of XRP and Bitcoin Cash stems from “overwhelming demand” from the Revolut community and the fact that major Cryptocurrency exchanges are yet to support these digital currencies.

Last week, Revolut launched a new savings feature called Vaults, which allows customer to round up their card payments to the nearest whole number and save up their spare change in Cryptocurrencies. Since then, more than 50,000 customers have set up a Cryptocurrency Vault.

[clickToTweet tweet=”Since July 2015, London-based @RevolutApp has signed up 1.7M+ customers across Europe and processed 60M transactions with a total volume transaction of $15B to date. #fintech #crypto” quote=”Since July 2015, London-based @RevolutApp has signed up 1.7M+ customers across Europe and processed 60M transactions with a total volume transaction of $15B to date. #fintech #crypto”]

Unicorn recap: Revolut launched in July 2015 with a punchy mission: to turn the financial banking sector on its head. With Revolut, users can set up an app-based current account in 60 seconds, spend abroad in over 150 currencies with no fees, hold and exchange 25 currencies in-app and send free domestic and international money transfers with the real exchange rate. Since July 2015, the London-based fintech disruptor has signed up over 1.7 million customers across Europe and processed 60 million transactions with a total volume transaction of $15 billion to date. Revolut has raised a total of $336M from some of the most notable investors including Index Ventures, Balderton Capital, Ribbit Capital and DST Global.

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