Revolut, the global finance app with more than 20 million customers worldwide, is newly introducing crypto payments by card in Switzerland and the UK. Customers can now use their cryptocurrencies to make payments. The new feature can be activated on any existing card.
Revolut is now allowing their debit card customers to select cryptocurrencies as a payment method - alongside more than 150 international currencies that are already supported and can be used for card payments. This way, debit cards are quickly converted into crypto cards and enthusiasts can also use their cryptocurrencies for everyday purchases.
Wide range of cryptocurrencies
Currently, Revolut supports over 90 crypto tokens, which can be bought, sold, invested and now also used for payments directly in-app. The app charges the usual fees for exchanging cryptocurrencies for fiat currencies. Conversion is instantaneous, payment is smooth, and there are no additional hidden costs.
During the promotional period to launch the program, FinTech is offering 1% cashbacks on all purchases made via cryptocurrencies - both online and offline. The refund will be paid in the same currency in which the expenditure was made: If payment was made in Bitcoin, the 1% refund will be credited in Bitcoin as well. Customers can combine both their current rate's cashback and their crypto cashback during the promotional period.
Embedding in the existing system
Customers who want to pay with cryptocurrencies can simply open the cards section in the Revolut app and select one of the available cards - physical or virtual. In the card's settings the currency can then be changed from fiat to one of the supported tokens and the crypto wallet linked. In addition, Revolut customers can also order a separate virtual or physical card just for crypto payments.
"Our goal is to make crypto socially acceptable. To this end, this year alone we have increased the number of cryptocurrencies available in the Revolut app to over 90 tokens, introduced Crypto Learn & Earn educational courses and now launched crypto payments by card. In this way, Revolut is helping to make crypto mainstream." - Emil Urmanshin, Crypto General Manager at Revolut
