- REVOLUT launches cryptocurrency services in Singapore
- REVOLUT planning to expand headcount by 20%
- The Fintech receives approval from SIngapore Monetary Authorities
The cryptocurrency firms, regardless of the CryptoWitner, have shown immense belief in the crypto market. While some crypto firms have crippled from storming market conditions, others have subtle plans to grow and expand in preparations for the near future.
REVOLUT Cryptically Imprints in Singapore
REVOLUT – a British financial technology company set up in 2015 – is launching a crypto currency exchange platform in SIngapore, with a vision of expanding in various geographies. The British Fintech company is planning to expand the headcount by 20% across the U.S, the UK and Europe in the next six months.
REVOLUT– one of the topmost Fintech startups in Europe – is launching a Cryptocurrency exchange platform in Singapore, allowing the investors to hold, buy and sell over 80 tokens through its app. In an interview recently, the company claimed that the investing customers can convert 27 fiat currencies and commodities like gold and silver. The conversion will be a one step process and no foreign exchange fees will be applicable on transactions.
The company is also planning to offer educational services to the users in order to provide a better understanding of the crypto currency market. Also, the motif is to encircle the market trends and risks associated while dealing in the crypto currency market.
The Approval to a ‘REVOLUT’ion
Per our closest news sources, REVOLUT has received an approval from the Singapore Monetary Authority to offer a Digital Payment Token Service, operating under the regulations of Major Payment Institution License. After getting a green flag from the Monetary Authority, REVOLUT is planning to expand their territorial regions all over Singapore. This will help them introduce several business hubs for more customers to interact. Moreover, the company has gained a huge traction during Covid-19 Pandemic, surging the customer base six fold and a doubled revenue run rate in the last 12 months.
Source: https://www.thecoinrepublic.com/2022/08/05/revolut-on-revolution-launches-cryptocurrency-services-in-singapore/