Revolut adds support for Bitcoin Cash and Ripple
Revolut has added Bitcoin Cash and Ripple to its cryptocurrency feature, which allows customers to trade cryptocurrencies.
The cryptocurrency feature, launched in December 2017, already enables users to buy, hold, and sell Bitcoin, Litecoin and Ethereum.
Revolut users can exchange 25 fiat currencies into cryptocurrency, and can also set up alerts whenever a cryptocurrency hits a certain value.
Revolut co-founder and chief technology officer Vlad Yatsenko said: “We launched this world-first feature in order to offer frictionless exposure of Cryptocurrencies to the mainstream population. 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.”
Revolut currently carries out 100,000 cryptocurrency transactions daily and charges an exchange fee of 1.5%.