Revolut, the rapidly expanding digital bank in the cryptocurrency space, has announced the launch of ‘Revolut Ramp,’ an innovative product designed to simplify the purchase of cryptocurrencies for its customers. The platform has partnered with MetaMask to enable users to directly top up their MetaMask crypto wallets using their Revolut account. This functionality will be available in the UK and the European Economic Area.
Revolut and MetaMask: A Strategic Partnership Connecting Two Worlds
Through its collaboration with MetaMask, Revolut Ramp will allow users to recharge their MetaMask crypto wallets directly from their Revolut account. According to the press release, users will be able to utilize their fiat currency balance on Revolut or pay using Visa or Mastercard.
A Shared Vision of Crypto Adoption
Lorenzo Santos, senior product manager at Consensys (the developer behind MetaMask), emphasizes the importance of this partnership not only to provide users with increased control over their crypto assets but also to promote wider adoption of cryptocurrencies.
This partnership is truly focused on meeting the expectations of our users – more control over their crypto, in a simple manner, through platforms they already know and trust.
Lorenzo Santos, senior product manager at Consensys
Towards an Expanded Offering for Advanced Traders
In February, Revolut announced its intention to launch a cryptocurrency exchange platform aimed at ‘advanced traders.’ While the company currently offers basic crypto services to its 40 million customers, it suspended crypto services for professional clients in the UK in December due to new regulations from the Financial Conduct Authority (FCA) regarding crypto promotions.
