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Revolut, a digital bank, will let customers use their cryptocurrency balances to make purchases

Revolut, a provider of digital banking services, is adding a cryptocurrency spending function that will let users utilise their cryptocurrency balance to make regular transactions using their Revolut card.

After a protracted wait for permission, Revolut’s new functionality became available after the U.K.-based company received registration from that nation’s Financial Conduct Authority to provide cryptocurrency services in the U.K.

According to a corporate notification, the service will be accessible beginning on November 1 and for a certain period of time, clients will also be able to earn 1% cash back on any cryptocurrency balances spent.

According to its website, the platform provides more than 20 million individual users with in-app trading of more than 30 different digital currencies.

News Summary:

  • Revolut, a digital bank, will let customers use their cryptocurrency balances to make purchases
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