As a seasoned crypto investor with a knack for staying ahead of the curve, I find this latest collaboration between Revolut and Ledger to be nothing short of exhilarating. With my extensive background in navigating the digital asset landscape, I can confidently say that this partnership is a game-changer for many reasons.
On Wednesday, it was announced that Revolut is planning to link its app with Ledger Live, a software used for Ledger’s hardware wallets. This link-up will enable Revult users to buy Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies available on the platform directly from the Ledger Live app.
Expanding Access to Crypto Investments
The latest team-up aligns with our overarching goal to introduce more people to the world of cryptocurrencies. As stated in the recent declaration, this collaboration is designed to simplify the way investors in certain EEA nations can obtain digital assets.
Users residing in this area who have previously fulfilled the necessary Know-Your-Customer (KYC) requirements with Revolut, now have the ability to purchase their chosen digital assets directly through the platform by utilizing their linked bank cards.
We’re excited to announce that @RevolutApp is now available as a buy provider through Ledger Live!
Using your Revolut account or card, you can now purchase cryptocurrencies that will immediately be safeguarded within your Ledger hardware wallet.
Read more at:
— Ledger (@Ledger) August 14, 2024
As a researcher exploring the world of cryptocurrencies, I’ve found that for those just starting out, Revolut offers a convenient way to verify your identity (Know Your Customer – KYC) by utilizing Visa or Mastercard. Once this process is complete, you’ll be all set to dive into the exciting realm of digital currency purchases.
In reference to the partnership, Pascal Gauthier, as Chairman and CEO of Ledger, expressed that it would instill a greater sense of trust among users when navigating the Web3 economy.
“Just as we at Revolut share a strong dedication to enhancing the security and usability for all in the cryptocurrency realm, our latest developments assure even more individuals that they can confidently migrate from traditional platforms (Web2) to the decentralized web (Web3). This transition will also empower them to comprehend and harness the benefits and might of self-custody,” he explained.
Revolut Adds Support for MetaMask
Revolut is constantly seeking ways to help newcomers buy their initial cryptocurrency. In March, they teamed up with MetaMask, a versatile Web3 wallet that was originally created for the Ethereum network but has since been extended to accommodate various other blockchain networks.
Through this partnership, the company managed to seamlessly incorporate Revolut Ramp into MetaMask, providing customers an efficient method for instantly purchasing new tokens and storing them directly within their MetaMask digital wallets.
Users can leverage the fiat balances stored in their Revolut accounts, which support 18 various local currencies, to acquire digital assets. Additionally, they have the option to make payments using their Visa or Mastercard bank cards.
Beyond these actions, it’s worth noting that Revolut has officially unveiled its centralized trading platform, known as Revolut X. This project, under development since 2021, is at present accessible exclusively to professional investors. However, they aim to broaden access to individual traders soon.
On the platform operated by Revolut, investors can trade traditional currencies like the British pound for cryptocurrency without any extra charge for those who initiate the swap (makers). However, there’s a set transaction fee of 0.09% for those who take part in the swap later on (takers).
Read More
Sorry. No data so far.
2024-08-14 14:05