Unlock direct cryptocurrency purchases from Revolut and MetaMask
Key Takeaways
- Revolut’s partnership with MetaMask allows UK and EEA users to purchase cryptocurrency directly, with support for over 20 tokens.
- The integration simplifies the KYC process for Revolut users by leveraging existing verification for MetaMask transactions.
- The goal of this initiative is to improve the user experience and drive broader cryptocurrency adoption by making purchases more accessible and simple.
London-based fintech company Revolut has announced a partnership with self-managed wallet MetaMask. Facilitates direct cryptocurrency purchases for users in the UK and European Economic Area (EEA).
The Alliance introduces the following innovative features: Revolut users can purchase more than 20 tokens. Supports 18 fiat currencies It is stored directly in your MetaMask wallet.
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MetaMask’s functionality for purchasing cryptocurrency directly within your wallet has been enhanced with: various payment methods, Includes card payments, bank transfers, digital wallets (Apple Pay, Google Pay, PayPal) and more. Now, with Revolut’s integration, you can deliver a more seamless and user-friendly experience.
This integration also Simplified Know Your Customer (KYC) process. Users who add funds to MetaMask through the Revolut app will be able to bypass additional verification checks as Revolut’s existing verification mechanism will be utilized.
Lorenzo Santos, senior product manager at Consensys, MetaMask’s parent company, said:
This partnership is really about giving customers what they want. The idea is to give customers more control over their cryptocurrency in a simple way, using a platform they already know and trust.
This plan not only addresses the needs of current users, but also paves the way for broader cryptocurrency adoption globally.
This development comes months after Revolut temporarily halted cryptocurrency purchases for its UK customers to ensure they complied with new Financial Conduct Authority regulations.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
With nearly 10 years of experience in the fintech industry, Aaron understands all of the biggest issues and challenges cryptocurrency enthusiasts face. He is a passionate analyst with an interest in data-driven and fact-based content, as well as content targeting both Web3 native users and industry newcomers.
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