Revolut has announced a new partnership with Ledger, allowing its users across the European Economic Area (EEA) to directly purchase cryptocurrencies through Ledger Live. This integration enables Revolut customers to buy Bitcoin, Ethereum, and other supported digital assets with ease via Ledger’s app.
Streamlining Crypto Investment
The collaboration aims to simplify the process of acquiring cryptocurrencies, enhancing accessibility for investors who have already completed Revolut's mandatory Know-Your-Customer (KYC) verification. For new users, the process will involve completing KYC checks using Visa or Mastercard to begin purchasing digital assets directly through the platform.
Building Confidence in Web3
Pascal Gauthier, Chairman and CEO of Ledger, remarked that the partnership with Revolut will provide users with greater confidence in entering the Web3 economy. He emphasised Revolut’s shared commitment to user security and accessibility across the crypto ecosystem, noting that the partnership helps ease the transition from Web2 to Web3.
MetaMask Integration
In addition to this new partnership, Revolut has previously integrated its services with MetaMask, a popular self-custody wallet. This collaboration allows Revolut users to quickly purchase digital tokens directly into their MetaMask wallets using their fiat balances or bank cards. The initiative supports users in making their first steps into cryptocurrency with increased flexibility.
Revolut X Exchange
Revolut’s efforts to expand in the crypto space include the launch of Revolut X, a centralized exchange currently available to professional investors. The exchange allows for the swapping of fiat currencies like British pounds for cryptocurrencies, with no additional fees for makers and a minimal transaction fee of 0.09% for takers.
While Revolut’s efforts to enhance crypto access are commendable, their ability to maintain a seamless and secure platform in an evolving regulatory landscape remains to be fully tested.