How Revolut’s new app signals a big fintech crypto landgrab – DL News
- Fintech firms are increasingly muscling into crypto.
- Their interest in the sector will put them on a collision course with industry-native firms.
A version of this story appeared in our The Roundup newsletter on March 28. Sign up here.
Hi, Eric here!
Revolut is coming for crypto companies’ customers.
On Tuesday, the UK neobank rolled out a new mobile app for its crypto exchange Revolut X, with the stated aim of “challenging other exchanges.”
The app will initially only be available across Europe, but a spokesperson told me that Revolut aims to eventually launch it in the US.
“Crypto is a key area for Revolut,” the challenger bank said in an ad for a new crypto product marketing manager.
As thrown gauntlets go, it’s a big ‘un.
