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The launch of Revolut's new high-end Metal Card allows you to earn 1% cash back outside Europe and 0 , 1% in Europe in any of the available 25 fiat currencies or 5 cryptos ie. Bitcoin (BTC), Bitcoin Cash (BCH), XRP, Ethereum (ETH) and Litecoin (LTC).
A high-end glossy card that returns money in crypto
Now, users of Revolut enjoy its most exclusive card while the European fintech launches Revolut Metal which offers cash back in criptovalute. For encryption enthusiasts, this is the perfect opportunity to make a purchase in the real world and earn in return.
A bank alternative, Revolut offers all the services of a regular bank through its app. In addition to supporting a number of legal currencies, Revolut also supports 5 namely cryptocurrencies. Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (LTC) and XRP.
The cashback offered is paid in any of these 5 cryptos and 25 currencies in progress supported by Revolut. When it comes to cash back in crypto, it is available on card purchases, its premium features, travel insurance, personal concierge and on global ATM withdrawals per month over £ 600 ($ 771.3), as reported by Forbes.
This special metal credit card costs £ 12.99 ($ 16.69) per month or £ 120 ($ 154.2) for the year. As for cashback, it starts at 0.1% for paper transactions in Europe. However, for payments made outside Europe, the refund in encryption or fiat is 1%.
With around 2.5 million users across Europe, it will further expose these five cryptocurrencies to the population. Reportedly, in December, last year, Revolut became the first digital banking startup to make a profit, especially thanks to its premium level of £ 6.99 a month.
In addition, read: Key Executive Exit leaves Tron & # 39; s Acquisition of BitTorrent Lackluster [19659012] Revolut's grand plans for the future
Nikolay Storonsky, the CEO of Revolut declared at its launch , "We are absolutely convinced that Revolut Metal will be the exclusive card of the future and an absolute must for travelers all over the world." Revolut is working hard to add more feathers to his cap, apart from personal loans and insurance companies, plans to launch a shared trading without commissions soon. It has already raised about $ 250 million from investors, and launch according to Stronsky will further strengthen its investment opportunities while it shares, "The launch of Revolut Metal is also an important step towards the company that generates additional revenue, especially when we prepare to launch a commissionless trading platform and expand business in North America and Asia by the end of the year. " The company already offers encryption and allows for the purchase of cryptocurrencies with "No deposit costs". No subscription costs. No exit costs. We only apply a simple 1.5% low-cost markup on the average exchange price "according to its website. According to Revolut's latest round of financing, its business is valued at $ € 1.7 billion, a significant increase compared to the previous year around six months ago, which was valued at $ 30 million.The company is working to increase the business and profit turnover by introducing the exclusive Metal and cash card back in encrypted. Summary Article Name 2.5 million Revolut users now get Cash Back in Bitcoin, Cash Bitcoin, Ethereum, Litecoin and XRP Description Revolut allows you to earn cash back of 1% outside Europe and 0.1% in Europe in any of the 25 currencies fiat available or 5 cryptos viz. Bitcoin, Bitcoin Cash, XRP, Ethereum and Litecoin. [19659023] Author
ANJALI TYAGI
Name publisher
COINGAPE
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