Key Points
- Revolut is integrating with Ledger Live to enable direct cryptocurrency purchases.
- The partnership aims to simplify the process of acquiring crypto assets for investors in select European countries.
Revolut has announced a partnership with Ledger Live, the software behind Ledger’s hardware wallets. The integration will allow Revolut users to buy Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies directly through the Ledger Live app.
Increasing Crypto Accessibility
The collaboration is part of Revolut’s wider goal to introduce new users to the world of cryptocurrency. The aim of the partnership is to simplify the process of purchasing crypto assets for investors in selected European Economic Area (EEA) countries.
Revolut users in these regions who have completed the required Know-Your-Customer (KYC) verification process can begin buying digital assets directly on the platform using their bank cards.
Revolut’s Efforts to Support Crypto Investments
Revolut has been actively working to provide options for new users to make their first cryptocurrency purchase. In March, Revolut partnered with MetaMask, a self-custody Web3 wallet initially designed for the Ethereum ecosystem and later expanded to support other blockchains.
This partnership enabled Revolut to integrate Revolut Ramp into MetaMask, allowing customers to quickly purchase new tokens directly into their MetaMask wallets. Customers can use their fiat currency balance, held in 18 different local currencies within their Revolut account, to purchase digital assets. They can also pay with their Visa or Mastercard bank cards.
In addition to these initiatives, Revolut recently announced the official launch of its centralized exchange, Revolut X. The platform, which has been under development since 2021, is currently only available to professional investors, but there are plans to expand access to retail traders soon.
The Revolut-owned exchange offers investors the chance to swap fiat currencies, such as British pounds, for crypto at no additional cost for makers. However, a fixed transaction fee of 0.09% applies to takers.
