Meanwhile, the high-end bank card has appeared for the “Metal” customers of the banking services company Revolut. The users of the card receive a cashback of 1 percent outside of Europe. Within Europe, the bonus is 0.1 percent. Cashback is available in one of 25 fiat currencies or 1 in 5 cryptocurrencies. Cryptocurrencies include Bitcoin, Bitcoin Cash, Ripple XRP, Ethereum and Litecoin.
The card gives users the opportunity to make purchases in the real world while receiving cashback. As an alternative to traditional banks, Revolut offers all the usual banking services via its app. The company supports a number of Fiat currencies as well as the five crypto currencies mentioned above.
Cashbacks in cryptocurrencies are paid for purchases with card payments. The card also offers a personal concierge service, travel insurance and a higher limit for ATM withdrawals (US $ 771.30 per month). Add to that the usual premium features of Revolut.
The special Metal Bank Card costs $ 16.69 per month, or $ 154.20 per annum. Revolut has about 2.5 million users across Europe. Thus, the start-up also contributes to a wider distribution of supported cryptocurrencies. In December of last year, Revolut reportedly was the first digital banking startup to make a profit. That was especially true for its premium offer.
Revolut's Great Future Plans
The CEO of Revolut, Nikolay Storonsky, said at the launch of the card:
“We are absolutely convinced that Revolut Metal will be the exclusive map of the future and a must for all travelers.”
Revolut is working to open up more opportunities for its customers. Currently, users can take out personal loans and take out insurance. Revolut will soon also offer commission-free trading. Revolut has already received $ 250 million from investors. According to Storonsky, the card publication is to expand the possibilities of the company. So he said:
“The launch of Revolut Metal is also an important step for the company to generate additional revenue. This is especially true because we offer a commission-free trading platform and want to expand the business to North America and Asia. “
Revolut is already offering cryptotrading. This allows users to buy cryptocurrencies without deposit fees via the app. There are also no subscription or withdrawal fees.
The card appears to be a direct response to Revolut's biggest competitor in Europe, the N26 company. An N26 metal account costs $ 19.50 a month and also offers a concierge service. The account also includes exclusive discounts, such as membership in the workspace broker WeWork.
Revolut is currently taking a broad approach, which seems to pay off. During the last round of financing, the company was valued at $ 1.7 billion. That's a significant increase, as just six months ago, the company's value was $ 350 million.
Sources: Revolut, Forbes, N26, Pixabay
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/25-millionen-revolut-nutzer-koennen-jetzt-cashback-in-bitcoin-ripple-xrp-bitcoin-cash-ethereum-and-litecoin- receive/
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