2024

Million

April

<p><em><strong>Growing crypto adoption is spurring innovation across sectors, especially in global finance and trade. Revolut Ramp will now be available to users in EEA and the UK.</strong></em></p> 
<p>Revolut and MetaMask’s partnership allows users to use Revolut Ramp to buy cryptocurrencies directly into their MetaMask account in European Economic Areas (EEA) and the United Kingdom.</p> 
<p>Revolut offers global banking and payment services in cryptocurrencies and fiat currencies.</p> 
<h2 class="wp-block-heading" id="strong-revolut-and-metamask-are-market-leaders-strong"><strong>Revolut And MetaMask Are Market Leaders</strong></h2> 
<p>MetaMask and <a href="https://www.thecoinrepublic.com/2024/02/17/uk-based-revolut-aims-to-launch-an-exchange-for-advanced-traders/" target="_blank" rel="noreferrer noopener">Revolut </a>aim to develop a more accessible ecosystem for adding crypto to self-custody wallets with this alliance. Revolut has 40 Million plus customers while MetaMask is one of the world’s largest self-custodial wallets.</p> 
<p>Per the agreement, users can utilize their traditional currency in the Revolut account and can also use Mastercard and Visa Cards. Revolut is accessible in the US.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">Hi fam! We’re thrilled to announce that we’re joining forces with <a href="https://twitter.com/RevolutApp?ref_src=twsrc%5Etfw">@RevolutApp</a>. With the integration of Revolut Ramp, onboarding to web3 just became easier for millions of users!<a href="https://t.co/5XtiDU6JoI">https://t.co/5XtiDU6JoI</a></p>— MetaMask 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f98a.png" alt="🦊" class="wp-smiley" style="height: 1em; max-height: 1em;">
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1faf0.png" alt="🫰" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@MetaMask) <a href="https://twitter.com/MetaMask/status/1765360754260099162?ref_src=twsrc%5Etfw">March 6, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>The Global Business Head of Crypto at Revolut, Mazen Eljundi, said after the partnership, “<em>We are excited to announce our new crypto product, Revolut Ramp, a leading on-ramp solution for the web3 ecosystem. Our on-ramp solution ensures high success rates for transactions within the Revolut ecosystem and low fees for all customers</em>.”&nbsp;</p> 
<p>Eljundi added, “<em>We are delighted to partner with a leader in the web3 space, MetaMask. We will offer customers the possibility to buy more than 20 tokens with their fiat currency smoothly, securely, and without friction</em>.”&nbsp;</p> 
<p>The Senior Product Manager at Consensys, Lorenzo Santos, said, “<em>By teaming up with Revolut, we’re making crypto more approachable and less complicated. This partnership is about giving our users what they want – more control over their crypto, in a straightforward way, using platforms they already know and trust. It also plays a crucial role in fostering broader crypto adoption, opening up the world of crypto to more people</em>.”&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-crypto-market-update-strong"><strong>Crypto Market Update</strong></h3> 
<p>Konstantin Ignatov, the brother of the OneCoin founder, has been set free after he completed a prison sentence of 34 months (2 Years and 10 Months). OneCoin, the project that led to losses of billions of dollars in crypto, was co-founded by Ruja Ignatova, popularly known as the Cryptoqueen.&nbsp;</p> 
<p>ShapeShift, a cryptocurrency exchange that is facing heat from the SEC, is reentering the cryptocurrency sector again. Soon after the regulatory commission’s notification, the firm paused its operation in 2021.&nbsp;</p> 
<p>In a March 05, 2024 filing, the SEC said it might accept the settlement of the exchange, which includes a $275,000 fine and an agreement that it will not violate the Securities Exchange Act again.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-price-update-strong"><strong>Price Update&nbsp;</strong></h3> 
<p>The industry’s market capitalization grew by over 50% in the past six months. At the time of writing, the market cap was $2.5 Trillion. The market leader, Bitcoin, has surged more than 199% in the past 365 days, smashing its November 2021 ATH on March 5th.</p> 
<p>According to dozens of market analysts, the growth of Bitcoin is fully backed by the recently approved BTC spot ETF. The 4th BTC halving will likely occur in April 2024; the event will divide the mining reward in half of what was rewarded to miners earlier.&nbsp;</p> 
<p>Similarly, Ethereum, the second most prominent crypto in terms of market capitalization, has crossed the milestone of $3,600. Notably, the growth of Ethereum is also influenced by the speculations about approval for the Ether spot ETF.</p>

Revolut & MetaMask Ink Pact To Ease Crypto Purchases in Europe

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Thecoinrepublic.com

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