THELOGICALINDIAN - Revolut the UK Fintech Startup is addingbitcoin to its regiment of accustomed currencies due to abundant chump appeal The aggregation is accustomed as a all-around another cyberbanking belvedere which provides barter with cards that can be acclimated to acquirement bill and articles in assorted countries at the accepted barter rate
Also read: Coinsource Bitcoin ATM Company Embraces Arizona
The aggregation has a absolute of 700,000 barter and 400,000 of them alive in Britain. They action between-bank barter rates, and no fees on all-embracing money transfers. Revolut allows their barter to authority up to 16 currencies aural their annual at once.
Addition of Bitcoin and Recent Fund Raising Round
Revolut said users will now be able to advantage the functionality of bitcoin aural their appliance in the aforementioned way they handle added currencies. They mentioned added cryptocurrencies will be added in the future. A Reuters commodity elaborated
Recent $66 Million Fund Raising Round and Expansion Plans
This account of abacus bitcoin comes alongside a contempo fundraising round. The company’s official columnist release aloof mentioned they accomplished accepting of $66 actor in fundraising from some of the UK’s best arch investors.
The columnist absolution said, “We are abundantly aflame to advertise 
that we accept finalised a new annular of $66m advance from some of Europe’s best acclaimed investors including Index Ventures, Balderton Capital and Ribbit Capital.”
The startup said it affairs on application the funds to aggrandize internationally, “With the aim of establishing ourselves as the cardinal one belvedere for consumers and businesses to administer their finances.” They plan to gain ground in Asia and North America first. They additionally plan on implementing new appearance on their app, including the accession of bitcoin, with the present funding.
Lastly, the aggregation wants to abundantly calibration their aggregation up. They are slated to hire added aggregation members, developers, and abutment staff.
Revolut Wants to Bypass the Bureaucracy of Banks
When Reuters asked why the Founder and CEO of Revolut, Nikolay Storonsky, about Revolut, he said he capital an app that “acted like a coffer but has beneath bureaucracy.” He continued:
Do you anticipate Revolut will accommodate app-based banking? Will they accomplish in their amplification plans? Let us apperceive in the comments area below.
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