Revolut, the Fintech giant focused on digital banking, announced that it has added 12 new altcoins, including GMT, to its application. Here are the details…
Revolut adds GMT and these cryptocurrencies
Revolut announced in a new announcement that there are new additions to the platform. Koindeks.com As we have also reported, Revolut is one of the well-known crypto money applications focused on digital banking. The platform will now include the following cryptocurrencies:
- Blouse (BLZ)
- BarnBridge (BOND)
- STEPN (GMT)
- Gods Unchained (GODS)
- Green Satoshi Token (GST)
- Livepeer (LPT)
- Mina Protocol (MINA)
- Radicle (RAD)
- Render (RNDR)
- SuperFarm (SUPER)
- Unifi Protocol DAO (UNFI)
- Bondifa (FIDA)
Thus, the Neobank application has increased the total number of cryptocurrencies it offers to customers in the UK and Europe to 100. Revolut states that all these tokens are available for daily card purchases.
Revolut introduced its new feature
On the other hand, Revolut recently decided to launch a new feature called “spending from crypto”. This feature helps convert customers’ crypto balance into fiat money. In essence, this will speed up Revolut cardholders to sell their crypto holdings and redirect money in real time to pay for daily purchases. Customers will pay online for e-commerce and in-person purchases. The conversion process will be subject to the current rate and exchange prices will be applied to the user’s subscription plan.
However, it should be emphasized that this feature offers its customers a refund feature. Revolut; It will give 1 percent cashback for purchases made with one of the supported coins, including Bitcoin, Dogecoin, Ethereum and now cryptos such as GMT, MINA. Cashback will be given to customers in the currency in which the process was made. For example, if someone spends in Dogecoin, then the 1% cashback will also be given in DOGE.
This new feature will be active on a random card, allowing customers to switch between the different currencies they spend. However, the cashback promotion feature is currently only available to UK customers.
DeFi course opened for “Learn and Earn”
Additionally, Revolut introduced the DeFi-focused joint crypto “Learn and Earn” course. For this, it partnered with the recognized decentralized exchange (DEX) aggregator 1inch (1INCH). The course developed by 1inch has three lessons to help users understand the basics of decentralized finance (DeFi). These three lessons focus on the three valuable parts of DeFi, including how decentralized exchanges work, how the 1inch’s “pathfinder algorithm” works, and the core governance of decentralized autonomous organizations (DAO). After completing each lesson, users earn 1INCH tokens. This is added to the Revolut crypto balances.