Revolut, a European app that allows users to complete transactions in as many as 25 world currencies has announced that it will allow users to complete transactions in cryptocurrencies starting this week. This comes from an announcement made at the Disrupt Berlin conference.
With over one mln users, the app promises to bring crypto even more into the mainstream. The application is built to allow users to make purchases without having to pay foreign transaction or currency conversion fees.
With cryptocurrencies, users will have access to their own wallets, and purchases that deplete fiat accounts will automatically be filled from crypto accounts. The app will offer Bitcoin, Litecoin and Ether support.
Crypto a distraction?
The move into cryptocurrencies may dilute the main business focus, according to analysts. However, company CEO Nikolay Storonsky believes crypto is going fully mainstream, and a simple and fast way to gain exposure to the market will be met with consumer usage.
Currently, other platforms have also begun to offer more mainstream ways to invest and participate in the cryptocurrency realm. Notably, the launch of a number of futures offerings as early as Dec. 10 this year has many investors thinking that crypto’s adoption future is bright.