The London-based rival commercial enterprise institution introduced Tuesday that U.S. prospects power now register for an account and join a cost card. Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) as a good deal like $250,000.
Launched in 2015, Revolut now has greater than 10 million prospects, primarily inside the U.Okay. and Europe. As nicely as banking providers, it affords options similar to a fiat forex trade, coverage brokerage and fairness buying and merchandising platform. The commercial enterprise institution accomplished a $500 million Series D in February, valuing the corporate at greater than $5 billion.
Revolut has in addition allowed customers to buy cryptocurrencies straight from the app since including assist for bitcoin (BTC) in 2019. Although customers can commerce digital holding with different Revolut customers, they can’t take them out of the app.
Revolut mentioned U.S. prospects will at the start exclusively have entry to the commercial enterprise institution’s core options. Additional providers, such because the crypto-buying service, power be added someday inside the around future, in accordance with TechCrunch.
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