News reaching Global Coin Report, indicate that U.K Fintech startup, Revolut, listed Ripple (XRP) and Bitcoin Cash (BCH) on the App and Wallet on the 24th of May. In the announcement via the Revolut blog, the team was full of praise for both coins and cryptocurrencies in general. The team at Revolut had promised from last year, to add new cryptocurrencies constantly as part of their evolving services to users. XRP and BCH now join Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) on the wallet.
The team had this to say about the addition and cryptocurrencies in general:
“Last year, we promised to add new Cryptocurrencies to the Revolut app, so say hello to XRP and BCH. We have always believed that the world of Cryptocurrencies should be open and available to everyone, and not reserved for the tech-savvy and digital currency enthusiasts.
So, back in December, we launched a product that would allow millions of our customers to instantly buy, hold and sell Cryptocurrencies at the touch of a button. No exchanges. No private keys. No cold storage. Just instant exposure at your fingertips.”
The Revolut app is very versatile in that it also provides a pre-paid debit cards (Mastercard and VISA) as well as allowing for the transfer of funds across the globe in a peer to peer manner for all its users. One can send or receive traditional fiat as well as the cryptocurrencies mentioned above with majority of the services on the app being free.
Also to note is the availability of a ‘vault’ in the app where you can save or lock up your funds for a specific amount of time via a savings scheme. There is also a tracker for your spending on the app, allowing the Revolut app to enable you to have access to traditional banking services at your fingertips. No more going to the bank or waiting in the mail for your transaction history.
With respect to the newly added coins of XRP and BCH, the crypto-markets have shown some stability today with the total crypto market capitalization holding steady at $333 Billion. XRP is trading at $0.611 with BCH trading at $1,027 at the moment of writing this. But hopes are high that the market will recover in the coming week.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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