Revolut Introduces Ripple And Bitcoin Cash To Its Customers

Financial technology firm Revolut which is a digital banking alternative has declared that it is going to introduce digital currencies Ripple (XRP) and Bitcoin Cash to its customers notwithstanding the cryptocurrencies it has previously made accessible. Whereas cryptocurrency isn’t really Revolut’s  focus point, it’s a good way to get started with them.

In case of having a Revolut account, you would now be able to purchase and hold Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash. The startup has also cooperated with Bitstamp to process the tranasactions. Revolut as of now charges a 1.5 percent payment for digital currency transactions. There are at present 100,000 digital money transactions for every day.

In comparison with a customary digital currency exchange, you can’t send or get cryptocurrencies from your Revolut account. You don’t get a bitcoin address for example. Whatever you can do is purchase tokens in the application. In the event that you need to transfer or move those tokens elsewhere, you’ll need to offer them for USD, GBP, and so forth and afterward purchase cryptocurrencies on a customary trade utilizing your fiat cash.

Lately, the startup likewise reported another option named Vaults. Revolut customers can set up a vault to spare cash after some time.

It becomes possible to round up your extra change each time you make a transaction. For example, on the off chance that you pay $3.47 for the ice cream, you’ll spare 53 cents in your vault. You can likewise different that sum so you spare numerous circumstances your extra change with every transaction.

The customers don’t earn interests on vaults. It’s just a way to set some money aside that doesn’t appear in your main Revolut account. You can decide to close your vault whenever you want.