Revolut is about to announce a big novelty in its cryptocurrency shopping service. Next week, it is very likely that the company will publish a statement to its customers “Metal” (the most complete formula of its offerings) to give them very good news.
Until then, Revolut didn’t offer a cryptocurrency shopping service or wallet as complete as that of Coinbase or Binance and ZenGo. Although customers own the digital tokens they buy on the platform, there is no way they can move them to another location.
According to our colleagues at AltFi, Revolut should announce its customers next Thursday that a new beta feature will allow them to withdraw their money in Bitcoin to take them to another location. The English-speaking media draw their conclusions from a blog post incorrectly published by Neo-Bank on the subject and then deleted. A Revolut spokesman would have confirmed the date of Thursday, May 6, for the announcement.
The cryptocurrency problem at Revolut
It doesn’t make sense to offer customers to withdraw their money from the platform. However, this could allow Revolut to weigh a lot more. The current system is of interest only to inexperienced investors and advises the most experienced against freely choosing where to keep their funds in order to be able to exchange them easily and not relying on a platform that violates decentralized principles and open cryptocurrency.
Revolut offers a growing selection of tokens. Despite the commissions taken from the platform, it is still an application that is not lacking much in order to be quite interesting for cryptocurrencies. The new system for withdrawing and transferring funds should be able to be carried out with three clicks, but initially only affects Bitcoin.
“We’re starting with Bitcoin but will be adding more tokens and upgrades in the near future,” the brand wrote in its deleted blog post. With the advent of cryptocurrency, Neo-Bank has found that many of their users are investing heavily in their cryptocurrency shopping service to make it a real source of income for their business model. In the first week of January alone, 100,000 new customers used the service.