One of the leading neo-banking platforms based in Europe, Revolut has made an announcement for its users.
The Europe-based fintech firm has announced that they have launched a staking platform for users.
Revolut Launches Crypto Staking
Revolut has just announced that its users will have access to cryptocurrency staking services. According to the executives at Revolut, the service will be available to users from particular regions.
As per the officials, the European Economic Area (EEA) and the United Kingdom (UK) users will have access to the cryptocurrency staking service.
This way, the users will be able to earn income from the cryptocurrencies that they hold on the platform. This is a huge opportunity for the users and it is going to bring more adoption to the fintech firm.
Users to Begin Staking Crypto
It was back in 2017 when Revolut was launched and since then, the platform has continued gaining a lot of success.
Its business has continued expanding, bringing in more and more investors. The user base of the platform has continued increasing and it has expanded its services throughout the globe.
The company has continued expanding its cryptocurrency portfolio and has made its platform quite favorable for users.
Even to this day, the platform wants to increase its service portfolio for users so they can take full advantage of its services.
Revolut to Launch Services This Week
The company has announced that it is going to launch the staking service somewhere in the running week. But it is confident that the services will be launched for the users in the running week.
For now, Revolut is ready to launch the staking service for users based in the EEA and the UK region. However, it plans to expand its services and offer more staking facilities to users based in other regions.
Strong Customer Base
Revolut is not some sort of a typical fintech firm but a stronger and major one. Over the years, it has built up a very strong reputation as a major financial technology firm that has tapped cryptocurrency technology.
The fintech firm boasts of having more than 25 million active customers, which is a great number. Most of the user base the fintech firm has built is from the EEA and the UK regions.
Over the course of time, the cryptocurrency industry and the fintech industry have become very competitive. The firms have been coming up with different kinds of ways and tactics to attract customers.
Being a major fintech company, Revolut knows how important it is to remain up-to-date with the trends and make the right calls.
This is when Revolut has come up with a staking facility for the users, offering them more opportunities of generating passive incomes from their holdings.
This would eventually increase the adoption rate for the cryptocurrencies being supported by Revolut. The trading values of the respective cryptocurrencies will surge as well.
Statement by Gordon Gekko
One of the Revolut and crypto enthusiasts, as well as a user of the fintech firm recently made a statement about the company’s latest move.
He stated that the fintech firm had been working on the development and launch of the staking facility for the users for a while. It is now that the firm has launched the staking facility for users.
Gekko shared his joy over the cryptocurrencies that Revolut has added for staking purposes. He is glad that the company remained very discreet about the launch of the staking service.
However, he has connections with inside sources who were aware of the development of the staking platform. So they continued providing him with the latest updates on the matter.
Cryptocurrencies for Staking
As of now, more than 100 cryptocurrencies can be sold and purchased through the Revolut platform. However, only Ethereum (ETH), Cardano (ADA), Tezos (XTZ), and Polkadot (DOT) are available for staking.