Revolut Ltd is a UK-based financial technology company offering banking services including pound and euro bank accounts, MasterCard or VISA prepaid debit card, commission-free currency exchange, stock trading, cryptocurrency exchange and peer-to-peer payments.
The Revolut mobile app supports spending and ATM withdrawals in 120 currencies and sending in 29 currencies directly from the app. It also provides clients with access to cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash and XRP by exchanging for 25 fiat currencies.
The idea of creating the company came from the Russian citizen Nikolai Storonsky in 2014. After he calculated how much money people lose when converting currencies while traveling, Nikolai wanted to create a multicurrency card that can be used for payments with minimal costs.
Revolut is a symbiosis of a smartphone app and a debit card. A link to download the application in Google Play and AppStore can be obtained from the official website revolut.com. After downloading, you must verify your identity by taking a photo of yourself and an identity document. After registration, it becomes possible to request a Revolut contactless card.
With the Revolut app you can do the following:
- make international payments
- pay at the world level for free
- storing different currencies in one wallet
- pay a split bill
- view expenses
- set spending limits
- buy cryptocurrencies
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