Revolut Plans to Develop a Crypto Wallet and Add Staking to its Platform

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UK-based fintech company Revolut is developing a crypto wallet and related functionality as part of its strategy to transform into a superapp, as stated in an interview with Reuters by the company CEO Nik Storonsky. He said:

“…decentralized wallets and the ability to withdraw/withdraw cryptocurrencies […] staking, lending is what we lack and what we are working on.”

Revolut will also launch a BNPL product and expand free and instant cross-border transfers in the foreseeable future to move towards becoming a one-stop financial service provider. The company’s CEO has added that in the future, mortgage lending may appear.

In October, Revolut zeroed out commissions on transactions with cryptocurrencies for customers from the United States in the amount of up to $200,000 per month.