6 months ago
40 ARTICLE AD
This move further supports Revolut's mission to "simplify all things money."
Revolut has partnered with MetaMask to enable direct crypto purchases for over 40 million customers worldwide via Revolut Ramp, according to a blog announcement published today by Consensys, the team behind MetaMask. With this integration, customers in the UK and the European Economic Area can use Revolut Ramp within the MetaMask mobile app, browser extension, or on MetaMask Portfolio to buy crypto tokens swiftly and securely.
As noted by Consensys, Revolut Ramp enables users to quickly on-ramp by purchasing tokens directly into their MetaMask wallets using their fiat currency balance or a Visa or Mastercard bank card. Existing Revolut users don’t need to go through any additional verification checks when using Revolut Ramp. as they are already verified through their existing Revolut account. This significantly speeds up the checkout process, allowing them to purchase crypto within seconds.
Unlike existing Revolut users who bypass verification, non-Revolut users need to complete a Know Your Customer (KYC) process. However, this process is designed to be integrated and quick, taking only minutes to complete, according to Consensys.
Mazen Eljundi, Global Business Head of Crypto at Revolut, expressed excitement about the launch of Revolut Ramp, emphasizing the high success rates and low fees for transactions within the Revolut ecosystem.
“We are excited to announce our new crypto product Revolut Ramp, a leading on-ramp solution for the web3 ecosystem. Our on-ramp solution ensures high success rates for transactions done within the Revolut ecosystem and low fees for all customers. We are delighted to partner with a leader in the web3 space, MetaMask. We will offer customers the possibility to buy more than 20 tokens with their fiat currency smoothly, securely, and without friction,” noted Eljundi.
Lorenzo Santos, Senior Product Manager at Consensys, believes that the partnership will make crypto more accessible and fostering broader adoption.
“This partnership is really about giving our users what they want – more control over their crypto, in a straightforward way, using platforms they already know and trust. It also plays a crucial role in fostering broader crypto adoption, opening up the world of crypto to more people,” said Santos.
With its latest move, Revolut Ramp joins a suite of over 40 unique payment methods available in 177 countries, making crypto purchases more accessible globally.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by HAL, our proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
