Changelly Teams Up with Revolut to Boost Crypto Adoption in EEA | Coinspeaker
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Changelly Teams Up with Revolut to Boost Crypto Adoption in EEA

With this partnership, Changelly users can now buy Bitcoin, Ethereum, and other cryptocurrencies using Revolut Pay and bank cards, expanding their payment options.

Chimamanda U. Martha By Chimamanda U. Martha Julia Sakovich Edited by Julia Sakovich Updated 3 mins read
Changelly Teams Up with Revolut to Boost Crypto Adoption in EEA
Photo: Depositphotos

Key Notes

  • Changelly partners with Revolut to enhance crypto purchases in the EEA.
  • Users can now buy digital assets with Revolut Pay and bank cards.
  • UK-based users are excluded due to regulatory constraints.

On Thursday, January 16, Changelly, an instant cryptocurrency exchange, announced a partnership with Revolut, a leading financial services platform, to provide users in the European Economic Area (EEA) with fast and secure crypto purchases at competitive rates.

According to an official press release, the integration enables users to purchase cryptocurrencies through Revolut Ramp, expanding the available payment options on Changelly’s platform.

Enhanced Access to Crypto with Revolut Ramp

The company currently offers access to 30 cryptocurrencies including Bitcoin BTC $97 229 24h volatility: 1.9% Market cap: $1.92 T Vol. 24h: $49.09 B and Ethereum ETH $2 684 24h volatility: 3.2% Market cap: $322.92 B Vol. 24h: $25.14 B . With Revolut Ramp integrated, users can seamlessly acquire digital assets using their bank cards or Revolut Pay.

The company’s head of product Zifa Mae said the partnership with Revolut will enhance transaction efficiency for both platforms’ users.

“By integrating Revolut Ramp, we’ve streamlined the crypto purchase process for both Revolut and Changelly users, reducing transaction times and offering impressive limits. This efficiency, coupled with our competitive rates, not only strengthens our position in the crypto market but also enhances our ability to serve a broader user base,” Mae said.

The new services are accessible via both mobile and web platforms, but availability is limited to EEA users. Both Changelly and Revolut said that crypto traders in the United Kingdom will not benefit from this partnership due to regulatory hurdles in the country.

Speaking to Finance Magnates, Changelly disclosed that the company has plans to expand the new services outside the EEA to other parts of the world. According to the exchange, it is actively looking to expand its reach to a better position within the crypto economy.

Changelly and Revolut’s Growing Crypto Footprint

Changelly was introduced into the crypto market in 2015 and currently serves more than 500 companies and 7 million users worldwide. The firm is known for offering “a secure and swift crypto-to-crypto exchange, fiat on-ramp/off-ramp APIs, and crypto payment processing.”

Revolut on the other hand is a prominent crypto-focused fintech firm based in the United Kingdom. The company offers money transfer and exchange services to more than 50 million customers.

Last year, the company secured a banking license after a three-year approval process, allowing it to legally offer lending products under UK regulations. Through the license, the company can legally offer lending products to customers in compliance with the UK’s law.

That same year, Revolut launched ‘Revolut X’, a dedicated entity for buying and selling cryptocurrencies in the UK. In November, the company announced that it had expanded the crypto exchange to offer 30 more cryptocurrencies within the EEA.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Chimamanda U. Martha

Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.

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