TL;DR
- Revolut and Ledger Partnership: Revolut has partnered with Ledger to integrate its app with Ledger Live, allowing users in select European countries to buy cryptocurrencies like Bitcoin and Ethereum directly through the Ledger Live app.
- Streamlined Crypto Purchases: Existing Revolut users who have completed KYC can purchase digital assets using their bank cards. New users can start buying crypto after completing KYC with Visa or Mastercard.
- Support for MetaMask and Revolut X: Revolut has also partnered with MetaMask for easier token purchases and launched its centralized exchange, Revolut X, for professional investors, with plans to expand to retail traders.
Revolut and Ledger, a top fintech firm headquartered in the UK and a well-known name in the realm of crypto hardware wallets, respectively have teamed up with Ledger, to enhance the accessibility of digital asset purchases for users across certain European nations.
On Wednesday, Revolut made an exciting announcement about its upcoming integration with Ledger Live, the software that operates Ledger’s hardware wallets. This new feature will enable Revolut users to seamlessly buy Bitcoin (BTC), Ethereum (ETH), and a variety of other cryptocurrencies available on the platform directly through the Ledger Live app.
Revolut and Ledger: Expanding Access to Crypto Investments
The new collaboration is part of the company’s broader mission to onboard new users into the crypto economy. According to the announcement, the partnership aims to streamline the process of acquiring crypto assets for investors in select countries within the European Economic Area (EEA).
Users of Revolut in this area who have successfully finished the required Know-Your-Customer (KYC) verification can now begin purchasing their favorite digital assets directly on the platform with their bank cards.
Revolut has announced that new users can kickstart their cryptocurrency purchases by completing the KYC process with either a Visa or Mastercard. Pascal Gauthier, Chairman and CEO of Ledger, remarked that this collaboration will enhance users’ confidence in engaging with the Web3 economy.
“Revolut shares our deep commitment to improving user security and accessibility throughout the crypto ecosystem. Now, even more, users will feel confident transitioning from Web2 to Web3 and realize the value and power of self-custody,” he said.
Revolut Adds Support for MetaMask
Back in March, they teamed up with MetaMask, a self-custody Web3 wallet that started out for Ethereum but has since branched out to support other blockchains too.
This partnership enabled the company to incorporate Revolut Ramp into MetaMask, allowing users to swiftly on-ramp and acquire new tokens straight into their MetaMask wallets.
Users have the option to utilize their fiat currency balance, which can be held in 18 various local currencies within their Revolut account, to buy digital assets. Additionally, they can make payments using their Visa or Mastercard bank cards.
In addition to these efforts, Revolut recently announced the official launch of its centralized exchange called Revolut X. The platform, which has been in the works since 2021, is currently available to professional investors only, with plans to expand access to retail traders in the future.
The Revolut-owned exchange offers investors the opportunity to swap fiat currencies, such as British pounds, for crypto at no additional cost to makers. However, a fixed transaction fee of 0.09% applies for takers.
