The financial services firm Revolut announced the launch of its first physical crypto card, a Dogecoin-themed debit device featuring an integrated LED screen that lights up when making contactless payments (tap to pay). The announcement, made this Monday, confirms that the card will be initially available in the United Kingdom and the European Economic Area (EEA), with the exception of Hungary, Switzerland, and Portugal, enabling payments at any merchant that accepts Visa or Mastercard.
This move responds to a bullish trend in crypto card adoption, with daily transactions recently surpassing 100,000 operations, driven by competitors like Coinbase and Binance. For Revolut, this launch reinforces its expansion into the digital asset sector and coincides with its recent regulatory progress, after obtaining approval to operate as a fully licensed bank in the United Kingdom and advancing its license application in the United States.
Transactions with the Dogecoin card will have no additional exchange fees, although they will be subject to the exchange rate at the time and potential tax effects. The next step for interested users in the UK and Europe will be to register for the initial rollout through the official Revolut application.
Source: https://x.com/Revolut/status/2056353823950508052
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