back Back

Revolut introduces crypto spending feature in debit cards

By Gloria Methri

November 01, 2022

  • Digital Payments
  • FinTechs
  • Instant Payment
Share

Revolut launches crypto cardRevolut has added a crypto spending feature to its debit cards in the UK and Switzerland, enabling customers to switch between currencies they spend from, including digital currencies. The new feature can be activated on any existing card within the Revolut retail app.

Converting Revolut card into ‘crypto card’

  • Customers wishing to spend their crypto using the Revolut card must open the Cards section in the retail app and pick one of the existing cards, physical or virtual.
  • Then they need to enter the card’s settings and switch the currency from fiat money to one of the close to 100 tokens supported by Revolut in the app.
  • Once the crypto pocket is linked, a crypto-enabled card will process payments with instantly converted tokens.
  • Customers can also order a separate card, virtual or physical, to use only for crypto payments.

This way any existing card can be turned into a “crypto card”.

Crypto-enabled cards offer a 1% cashback for all purchases, both online and offline, during the promo period. The cashback is paid out in the same currency that they spend. Customers will be able to combine both their current plan cashback along with the crypto-enabled card cashback during the promo period.

“This year we have not only increased the number of cryptocurrencies available in the Revolut app to close to 100 tokens and launched Crypto Learn & Earn education courses enjoyed by millions of our customers. Now, we are making crypto even more mainstream, by empowering people to use crypto-enabled cards to spend their tokens for everyday purchases,” said Emil Urmanshin, Crypto General Manager at Revolut.

Previous Article

November 01, 2022

The Maries County Bank selects Jack Henry for a comprehensive technology platform

Read More
Next Article

November 01, 2022

JCB announces new partnership with Nuvei

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Digital Payments

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

LGT taps Finastra to roll out instant payments services in Europe

Read More

Today

Mastercard & Payment24 to boost EMV adoption in EEMEA’s fleet sector

Read More

May 23, 2024

Octopus Energy to offer BNPL payments with Zopa Bank

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023