Revolut has joined forces with self-custodial wallet MetaMask to offer Revolut Ramp, a feature that will let users top up their MetaMask wallets with their Revolut account. The digital bank will enable users to make crypto purchases directly into MetaMask wallets in the U.K. and European Economic Area (EEA), an attempt to make adding crypto to self-custody wallets easier.
Users can use their fiat currency balance in their Revolut account or pay with Visa or Mastercard cards, the press release said. This partnership is really about giving our users what they want – more control over their crypto, in a straightforward way, using platforms they already know and trust,” said Lorenzo Santos, senior product manager at Consensys (the developer behind MetaMask).
“It also plays a crucial role in fostering broader crypto adoption, opening up the world of crypto to more people,” said Santos. Revolut said in February that it is set to introduce a cryptocurrency targeting “advanced traders,” according to a customer email seen by CoinDesk. Revolut currently offers basic crypto services to many of its 40 million customers
- India and Nigeria Lead the World in Crypto Adoption Again, but Indonesia Is Fastest Growing, Chainalysis Report
- Thailand Approves its First Spot Bitcoin ETF
- Hong Kong Regulators Approve First Spot Bitcoin and Ethereum ETFs
- Tether is moving its HQ to El Salvador After Securing License
- Digital Asset Adoption in Africa: Nigeria’s cNGN Stablecoin To Transform Digital Currency Scene
- El Salvador Doubles Down on Bitcoin, Defies IMF Concerns