Crypto

Revolut enables crypto payments for everyday expenses

Revolut lets users buy products, book flights, and pay for vacations with crypto – just like any other global currency – all through its mobile finance app. Rose Dykins Reporting

Financial app users Revolution are now able to make purchases and pay bills with select cryptocurrencies through a new “spend from crypto” feature.

Additionally, investors new to cryptocurrency will be able to use Revolut to explore this as an opportunity and invest in digital currency for as little as 1 USD, and monitor the progress of their investment’s value through the application.

Revolut’s new service helps users invest in Bitcoin, Ether, and over 90 other tokens from over 30 cryptocurrency services. The app can be used to buy, sell or trade cryptos with friends.

Once the app is synced with a designated payment card, it is possible to make payments with your preferred cryptocurrency for daily transactions (currency exchange fees will apply). Payouts may also be rounded up with the reserve currency reinvested into the crypto investment.

The app will also help users monitor crypto trading market fluctuations through notifications and updates, and set target prices for crypto investments – receiving an in-app notification when a investment has reached maturity to reach a defined target price.

In other news, Finance app Moneygram also launched a cryptocurrency service. Users can trade and store Bitcoin, Ethereum, and Litecoin through the app. The company plans to increase its future selection of crypto coins as it explores expansion into other markets in 2023.

Moneygram’s cryptocurrency service is made possible through the company’s existing partnership with Coinmea licensed crypto exchange and crypto-as-a-service provider.

Since 2021, MoneyGram and Coinme have partnered to expand access to crypto by creating thousands of new locations in the United States for consumers to buy and sell Bitcoin for cash.

Alex Holmes, President and CEO of MoneyGram, said, “Cryptocurrencies are in addition to everything we do at MoneyGram. MoneyGram allows instant access to over 120 currencies around the world, and we consider cryptocurrencies and digital currencies as another entry and exit option.

“As the next step in the evolution of MoneyGram, we are excited to provide our customers with access to a reliable and easy-to-use platform to securely buy, sell and hold select cryptocurrencies.

He adds, “As consumer interest in digital currencies continues to accelerate, we are uniquely positioned to meet this demand and bridge the gap between blockchain and traditional financial services through our global network, our industry-leading compliance solutions and our strong culture of fintech innovation. We are excited for this next chapter of our journey.

German digital bank N26 is also expanding its crypto trading offering from Austria to five new markets: Germany, Switzerland, Belgium, Portugal and Ireland.

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