Alert banking startup Revolut is adding litecoin and ether trading to its app-based use.
The move to add new cryptocurrency options follows the company’s integration of bitcoin maintenance last July, having completed a $66 million Series B financing round.
Chief executive Nikolay Storonsky announced Tuesday that all blokes would be able to begin trading in the new offerings on Thursday, according to TechCrunch.
Too, users’ cryptocurrencies holdings will act as a backup for their Revolut debit file card. Effectively, if a user runs out of fiat currency when making a payment, the app settle upon automatically convert the appropriate amount of a digital currency to make up the shortfall.
Storonsky asserted the new integrations could help introduce more users to cryptocurrencies, amplifying that “despite being one of the hottest trends in the world right now, drag exposure to cryptocurrency has notoriously been time-consuming and expensive.”
The Revolut app currently tenders digital banking, as well as card payment services via Mastercard. Narcotic addicts will be able to use any of the 25 supported fiat currencies to purchase cryptocurrencies within the app.
Revolut is the later mobile payments company to announce expanded cryptocurrency support in the survive week, with Abra launching ethereum support last Tuesday.
Engaged to investors at CoinDesk’s Consensus: Invest, Abra founder Bill Barhydt remarked the app would support more than 50 fiat currencies along with the two cryptocurrencies.
Revolut app perception via Shutterstock
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