Revolut adds new capabilities to boost Bitcoin uptake

UK-based FinTech Revolut has introduced new features for users which enable them to transfer funds from Bitcoin holdings to their own digital wallets.

According to a blog post by the company, Revolut’s Metal plan customers will able to use the new feature beginning with Bitcoin, but the service is expected to soon expand to include further cryptocurrencies.

Currently, the beta launch of bitcoin withdrawals to crypto wallets is strictly limited to UK customers who are subscribed to Revolut’s Metal service at a cost of £12.99.

UK-based users of Revolut’s Metal service are currently numbered at around 80,000, with around 40,000 of which have invested in cryptocurrency.

The post highlighted, “If you’ve recently started buying crypto, or you’re more of a casual trader, you might not be familiar with withdrawals. This feature lets you take your crypto off one platform and transfer it elsewhere.”

Revolut – currently on track for a valuation of between $10bn and $15bn – rolled out across the US earlier this year and has applied for a US banking licence with the Federal Deposit Insurance Corporation.

The company also continued its expansion into India recently with the appointment of Paroma Chatterjee to the role of CEO.

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