The UK-based payments company will use the investments to further expand its operations and allow users to purchase and sell digital currency.
The MetaMask-backed card will allow users to spend their digital assets seamlessly anywhere that Mastercard services are accepted.
With the collaboration, MetaMask has become the official launch partner of Revolut Ramp.
KuCoin said that early birds stand a chance to share a bonus prize pool worth around $5,000.
BONK’s governing council has passed Revolut’s “Learn and Earn” campaign initiative. The memecoin plans to leverage Revolut’s market presence to expand its user base globally.
The new service will initially cater to over 8 million UK customers before extending to its 35 million users globally.
Revolut anticipates that its revenue for 2023 will continue its growth trajectory.
With the new law set to take effect next year, Revolut has temporarily paused its crypto services to ensure compliance with these new requirements.
The acquisition of a banking license in the UK could open up new revenue streams for Revolut, allowing the company to generate interest income at a time when interest rates are at multi-year highs.
Swan plans to allocate the newly acquired funds to expand its operations in the Netherlands in the immediate future. Lakestar said that they are quite satisfied with Swan’s progress over the last year.
Revolut stands as a globally integrated payment application that operates within a fully decentralized framework.