Global fintech powerhouse Revolut has filed an application for a U.S. banking license, a move that would allow the company to operate more like a traditional bank while expanding its cryptocy and financial services footprint in the world’s largest economy.
If approved, the license would grant Revolut direct access to major U.S. payment systems such as Fedwire and the Automated Clearing House (ACH) network, enabling faster settlement and broader banking capabilities for its customers.
The London-based fintech has grown rapidly worldwide by offering digital banking, foreign exchange services, stock trading and cryptocy products inside a single mobile app. Filing for a U.S. banking license represents a major step toward strengthening its presence in the American financial system.
A successful approval would allow Revolut to:
Accept and manage customer deposits directly in the United States
Provide lending and expanded financial services
Connect directly to the U.S. banking infrastructure rather than relying on partner banks
This would significantly reduce its reliance on intermediary institutions and improve efficiency for payments and transfers.
Revolut has long positioned itself as a crypto-friendly financial platform, allowing customers to buy, sell and hold a wide range of digital assets alongside traditional banking services. The company has steadily expanded its crypto offerings, including trading tools, staking features and digital asset integrations across its ecosystem.
The banking license could strengthen Revolut’s ability to provide regulated crypto services in the U.S. and compete with both traditional banks and crypto-native financial platforms.
Revolut’s move comes amid a wave of financial institutions seeking deeper integration between traditional banking and digital assets. Several firms have recently pursued U.S. charters or regulatory approvals to support crypto custody, stablecoins, and blockchain settlement systems.
These developments suggest a broader shift where fintech companies, crypto firms and banks are increasingly converging around regulated digital finance infrastructure.
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