The UK-based payments company will use the investments to further expand its operations and allow users to purchase and sell digital currency.
The alleged plans by Revolut to enable Bitcoin withdrawals may serve as a reference point for other firms to trail the same path.
The coronavirus pandemic has significantly fueled the adoption of digital payments and pushed banking services away from the traditional system.
The deal between Starling and Goldman Sachs has been said to be pending regulatory approval.
Since the announcement, there has been a mixed price reaction. While some like Filecoin, Bancor, and Yearn Finance have gained by as much as 10%. Others like Cardano have barely moved, recording a marginal move of less than 1%.
Despite the gains and the continuous surge in the price of Bitcoin, many critics anticipate a potential burst of this “bubble”.
The Revolut Plus plan is an affordable subscription plan for its users and specially focused on the current COVID-19 pandemic times. It strips off all the benefits associated with travel but introduces purchase protection plans.
In a move to protect customers from any threats, this week Robinhood encouraged users to implement such measures as two-factor authentication.
European fintech giant Revolut will soon be operational in California once it gets the license to carry out its activities throughout the United States.
Besides its base annual interest rates given to American savers, Europe’s fifth most valuable fintech Revolut has awarded the savers additional bonus.
According to Fireblocks, Revolut will be leveraging its unique MPC-based wallet and network infrastructure to bring more innovative crypto services to its customers.
