- Revolut has launched a “pay with crypto” feature.
- Users can get 1% of cashback for their purchases.
Revolut, a British financial technology company that provides banking services plans to introduce a crypto card for the citizens of the UK. Using this card, citizens will be able to buy household items, items of daily use, etc. by Dogecoin.
Not only this, Revolut has introduced one more captivating feature that will blow your mind. The new feature is named “pay with crypto.” With this feature, users will be benefited from 1% of cashback for their purchases done by any of the hundred tokens supported by Revolut.
The tokens supported by the platform mainly contain Dogecoin, Bitcoin, and Ethereum. Interestingly, the cashback will be rewarded in the same coin from which you have made the purchase.
Revolut has engraved an amazing feature that lets clients swap between their currencies. The currency can be either fiat or digital. This option will also be activated on the cards that are already in use. Also, you can change your crypto balance into real money.
The statement of crypto general manager
In today’s world, the demand and popularity of crypto cards are increasing day by day. The reason behind this is the fascinating features they offer. It is a hassle-free way of making purchases without always carrying cash. Revolut is currently trying to take crypto into limelight. In regard to this, the crypto general manager of Revolut, Emil Urmanshin stated:
“In 2022, we have not only pushed the number of cryptocurrencies accessible in the Revolut app to near about 100 tokens and introduced Crypto Learn and Earn education modules appreciated by a number of our clients. Now, we are making crypto even more common by permitting people to use crypto-enabled cards to use their tokens for their purchases.”
It is noteworthy that this comes after the chief executive officer of Mastercard, Michael Miebach publicized his partnership with Binance. The partnership was intended to ease the acceptance of virtual coin payments in retail stores.
Miebach revealed that it was a partnership with Binance to allow customers to use their crypto holding at any of over 90 million sites that acknowledge Mastercard payments.
Despite the bearish market of crypto, people still tend to learn about crypto. Thus learners from 32 countries over the world is being benefitted from the Learn and Earn module. The module was introduced in July 2022 and is dedicated to educating people about crypto and making them earn money from it.
Source: https://www.thecoinrepublic.com/2022/11/04/revolut-introduces-crypto-card-you-can-get-cashback-know-how/