Revolut and MetaMask Introduce ‘Revolut Ramp’ for Effortless Crypto Transactions

10:13 pm
March 6, 2024
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Revolut, the UK-based neobank, has teamed up with MetaMask, a prominent cryptocurrency wallet, to unveil an innovative feature known as ‘Revolut Ramp,’ aiming to simplify crypto transactions for users.

Revolut Ramp’s Crypto Integration

Revolut Ramp, the latest fiat/cryptocurrency on-ramp by Revolut, is designed to transform the digital asset interaction experience. This feature allows Revolut’s extensive user base of 40 million to purchase and deposit various cryptocurrencies directly into their MetaMask wallets.

Through this collaboration, leveraging MetaMask’s broad user base of 30 million, users can effortlessly buy up to 20 cryptocurrencies, such as Ethereum (ETH), USD Coin (USDC), and Shiba Inu (SHIB), via MetaMask’s app, browser extension, and Portfolio platform.

By integrating with MetaMask, Revolut Ramp increases accessibility and promotes crypto adoption by simplifying the onboarding process for new and existing Revolut customers. This partnership underscores a commitment to making cryptocurrencies more user-friendly for a wider audience.

Financial Sector Embracing Crypto Integration

The partnership between Revolut and MetaMask coincides with a trend in the financial industry towards integrating cryptocurrencies. Major players like BlackRock and Fidelity are actively involved in the crypto space, including the recent surge in spot Bitcoin exchange-traded funds. Additionally, platforms like Robinhood, PayPal, and Venmo are expanding their crypto services, reflecting a growing acceptance of digital assets in the industry.

Despite facing challenges in 2022, such as financial setbacks and external controversies, Revolut remains dedicated to expanding its range of crypto products.

FAQs

What is ‘Revolut Ramp’?

‘Revolut Ramp’ is a new feature introduced by Revolut in collaboration with MetaMask, aiming to simplify the process of buying and depositing cryptocurrencies directly into MetaMask wallets.

Which cryptocurrencies can users buy through Revolut Ramp’s integration with MetaMask?

Users can 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.

How does the partnership between Revolut and MetaMask contribute to the broader crypto landscape?

This partnership enhances accessibility to cryptocurrencies and accelerates their adoption by simplifying the onboarding process for users, reflecting a growing trend of mainstream financial institutions integrating digital assets into their services.


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