Revolut Users Now Have Direct Access to Bitcoin in Trust Wallet

A new collaboration between Revolut and Trust Wallet, owned by Binance, allows over 65 million Revolut users in Europe to purchase cryptocurrencies directly through Trust Wallet. This partnership enhances user experience by simplifying payment processes and providing instant token transfers.

Key Takeaways

New Direct Purchase Options: Over 65 million Revolut users can now buy cryptocurrencies, including Bitcoin, directly in Trust Wallet.
Variety of Payment Methods: Users can utilize RevolutPay along with traditional payment methods like debit and credit cards, with some transactions potentially incurring zero fees.
Focused on User Control: The new integration allows instant transfers to Trust Wallet without the need for a centralized exchange.
Revolut’s Growing Crypto Influence: This partnership aligns with Revolut's strategy to expand its services in the digital asset space, supported by significant financial backing and regulatory approvals across Europe.

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Direct Purchases in Trust Wallet

On Thursday, Trust Wallet announced on its X account that users of Revolut, which boasts a user base exceeding 65 million, can now directly acquire cryptocurrencies from its wallet. At launch, the service supports major cryptocurrencies such as Bitcoin, Ethereum, Solana, USDC, and USDT, with plans for future expansions in token offerings to cater to the growing demand.

Revolut’s Strategic Move into Crypto

This new feature is part of Revolut’s broader efforts to enhance its presence in the cryptocurrency market. Recently, the London-based financial technology company reached a valuation of $75 billion during a secondary share sale, attracting interest from major investors like Fidelity, Coatue, and NVIDIA’s NVentures.

Furthermore, Revolut gained a MiCA license through its operations in Cyprus, allowing it to provide cryptocurrency services across the European Economic Area. With new banking licenses also acquired in Mexico and Colombia, Revolut continues to broaden its global reach.

These advancements follow strong financial performance, with the company reporting $4 billion in revenue and $1.4 billion in pre-tax profit for 2024, showcasing its swift growth trajectory.

In November, Revolut entered into a partnership with Polygon Labs to facilitate remittances using the Polygon blockchain, employing USDT, USDC, and POL. This initiative emphasizes the company’s commitment to enhancing cross-border payments and bolstering blockchain infrastructure.

Disclaimer: This article is intended for informational purposes and not as financial advice. The views presented here may reflect the author's personal opinions and do not represent those of The Crypto Basic. Readers should conduct their own research before making investment choices. The Crypto Basic holds no responsibility for financial losses incurred.