Revolut adds new cryptocurrencies to its savings platform
MONEY management app Revolut has added two new cryptocurrencies to its platform.
The current account app, which lets users conduct a range of transactions such as applying for a Lending Works loan or transferring currencies and moving money abroad, will now let consumers invest in the Ripple (XRP) and Bitcoin Cash digital currencies.
This is an expansion of a feature it launched last year, allowing its 1.8 million customers to buy, hold and sell cryptocurrencies including Bitcoin, Litecoin and Ethereum instantly from within the app.
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The app also offers 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.
“We launched this world-first feature in order to offer frictionless exposure of cryptocurrencies to the mainstream population,” Vlad Yatsenko, co-founder of Revolut, said.
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.
“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.”
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