The British neobank and financial technology company, Revolut, announced its entry into the Latin American market with the launch of its services in Brazil.

The firm already offers services to clients in Europe and the United States and has formed a team in Brazil, including the appointment of its local CEO, Glauber Mota. In addition, the company has appointed a general director for Mexico and plans to employ more than 250 new talents in Mexico and Brazil by 2025.

The platform will offer a wide range of services, including cryptocurrency, remittances, and prepaid debit cards. Revolut has been expanding its catalog and adding new cryptocurrency-based services since it opened crypto trading in 2017.

The company suggests launching in Brazil amid growing interest in digital assets and digital banking services. With nearly 29 million customers worldwide, Revolut will compete with a long list of companies offering digital banking and cryptocurrency services in the country, including market leader Nubank, which introduced cryptocurrency trading in 2022. The platform has not provided details about its next expansion steps in its statement.

K. Tovar

Source: Diariobitcoin

(Reference image source: file)

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La entrada Revolut officially arrives in Brazil apareció primero en Bitfinance.

UK financial services provider Revolut announced the addition of 11 new cryptocurrencies to its trading list.

Through an official statement, the company detailed that its clients will now be able to trade with assets such as cardano, uniswap, synthetix, yearn.finance, bancor, filecoin, among others.

“They wanted new tokens, and we have already added them. We have been monitoring highly demanded main tokens to make them available to our customers in the United Kingdom and in the European Union… 11 new cryptocurrencies,” the company detailed in the document.

This incorporation is part of Revolut’s strategy to offer a greater variety to its client portfolio. This company is recognized as one of the first to enable cryptocurrency trading.

It is important to note that the company became quite popular at the time for offering the possibility of exchanging fiat for crypto automatically, with which customers could switch from one to another taking advantage of the rates of the moment, without bureaucratic procedures and in an easy immediate way.

K. Tovar

Source: Diariobitcoin

La entrada Revolut adds more cryptocurrencies to its portfolio apareció primero en Bitfinance.