Revolut and MetaMask unveil ‘Revolut Ramp’ for seamless crypto transactions
The ‘Revolut Ramp’ is aimed to enhance seamless crypto transactions.
Users can buy and deposit up to 20 cryptocurrencies directly into MetaMask wallets.
The collaboration underscores Revolut’s embrace of crypto amid industry shifts.
In a strategic move, Revolut, the UK-based neobank, has partnered with MetaMask, the world’s leading cryptocurrency wallet, to introduce a groundbreaking feature named ‘Revolut Ramp.’
This collaboration aims to streamline the process of purchasing and depositing cryptocurrencies directly into MetaMask wallets, catering to the growing demand for user-friendly crypto services.
Revolut Ramp’s crypto integration
Revolut Ramp, Revolut’s latest fiat/cryptocurrency on-ramp, is set to revolutionize the way users interact with digital assets. This innovative feature empowers Revolut’s vast user base of 40 million to buy and deposit a range of cryptocurrencies directly into their MetaMask wallets.
The collaboration leverages MetaMask’s extensive reach, with 30 million users, to provide a seamless and straightforward experience for individuals seeking more control over their crypto assets. Users can effortlessly purchase up to 20 cryptocurrencies, including popular options like Ethereum (ETH), USD Coin (USDC), and Shiba Inu (SHIB), through MetaMask’s app, browser extension, and Portfolio platform.
Revolut Ramp’s integration with MetaMask not only enhances accessibility but also accelerates the adoption of cryptocurrencies by simplifying the onboarding process for both existing Revolut customers and new users. The partnership underscores a commitment to making crypto more approachable and less complex for a broader audience.
Financial industry shift towards crypto integration
The collaboration between Revolut and MetaMask comes at a time when the financial landscape is witnessing a significant shift towards cryptocurrency integration.
Wall Street giants such as BlackRock and Fidelity are actively contributing to the crypto space, notably through the spot Bitcoin exchange-traded fund boom. Simultaneously, smaller players like Robinhood, PayPal, and Venmo are expanding their cryptocurrency services, reflecting the industry’s increasing acceptance of digital assets.
Revolut’s move to deepen its involvement in the crypto space aligns with the company’s commitment to providing diverse financial services.
Despite facing challenges in 2022, including financial losses and external controversies, Revolut remains steadfast in its dedication to expanding crypto products.
