Mobile banking startup, Revolut is merging traditional banking and cryptocurrency by adding Litecoin and Ether trading to its app-based services.

The move to add more cryptocurrency options follows the company’s integration of Bitcoin last July. Customers will be able to buy, sell, trade and hold Bitcoin, Litecoin and Ether. Users can then hold their cryptocurrency within the Revolt app or transfer it to other customers for free.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Revolut users can also buy their cryptocurrency in all 25 base currencies, eliminating the FX fees consumers can face when they buy on most exchanges. The new service comes as consumer interest in digital currency continues to rise.

Nikolay Storonsky, CEO of Revolut, stated: “That is why we built Revolut. It allows you to exchange, send, and spend your money, completely avoiding all your banking fees without actually using a bank.”

In November, Revolut hit one million users. Furthermore, 10,000 of its customers signed up to test the beta version of its cryptocurrency service in just six days. The Revolut app currently offers digital banking, as well as card payment services via Mastercard.

Storonsky added: “Despite being one of the hottest trends in the world right now, getting exposure to cryptocurrency has notoriously been time-consuming and expensive. We’re going to open up cryptocurrency exposure to everyone, faster than any other platform on the market.”