Cryptocurrency-friendly internet banking app Revolut plans to launch in the United States later this year, the company has confirmed.
In a press release on Oct. 22, Revolut said its expanding partnership with MasterCard would allow it to enter the U.S. market by the end of 2019.
United Kingdom-based Revolut has offered consumers both Visa and MasterCard spending since its launch in 2015.
In 2017, it began offering the exchange of three cryptocurrencies: Bitcoin, Ether and Litecoin.
This later increased to five with the addition of Bitcoin Cash and XRP. Unlike its fiat product the crypto exchange facility is not backed by the U.K.'s finance regulator.
U.S. market "Huge milestone".
It remains unclear whether Revolut will launch with the same cryptocurrency support as in its European market.
Along with the U.S., executives plan to broaden the service's reach to the Asia Pacific and South American markets.
"Launching in the U.S. will be a huge milestone for us, and we are delighted Mastercard will be our go-to-market partner," founder and CEO, Nik Storonsky, commented in the press release.
Earlier this month, Revolut also confirmed that Visa would be a partner for its new markets.
Crypto App Revolut Confirms MasterCard on Board for 2019 US Expansion
gepubliceerd op Oct 22, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.