The global neobank launched Revolut Ramp, allowing users to purchase cryptocurrencies directly from within the MetaMask app or browser extension.
Revolut, the popular digital banking platform, has partnered with MetaMask, a leading crypto wallet provider, to make cryptocurrencies more accessible to its vast user base.
Through a new service called Revolut Ramp, users can now purchase cryptocurrencies directly from within the MetaMask app or browser extension.
This integration eliminates the need for users to transfer funds between multiple platforms, simplifying the process of acquiring and managing crypto assets.
Lorenzo Santos, senior product manager at Consensys, the company behind MetaMask, said:
"This collaboration empowers our users with greater control over their crypto, in a user-friendly manner. It also plays a crucial role in fostering broader crypto adoption by opening up this world to a wider audience."
MetaMask boasts over 30 million users, indicating a significant potential market for Revolut's crypto services.
Revolut's move aligns with a growing trend of institutions embracing cryptocurrencies. Major fintech companies like Robinhood, PayPal, and Venmo have all expanded their crypto offerings in recent months, while traditional financial institutions like BlackRock, Fidelity and VanEck have recently launched the first spot Bitcoin exchange-traded funds (ETFs) in the U.S.
Revolut Ramp is accessible through the MetaMask app, browser extension, and Portfolio platform. Users can purchase up to 20 cryptocurrencies, including Ethereum.
Revolut first launched its crypto trading services in Europe in 2017 and saw significant revenue growth during the 2021 bull run, generating $769 million in 2021. This allowed the company to turn its first full year of profit. However, the bear market caused the company to face challenges in 2022, reporting a loss in its financial results.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
