London-based FinTech venture Revolut last year became the first banking app to let customers invest in Bitcoin, along with Litecoin and Ethereum. And it is now throwing Ripple (XRP) and Bitcoin Cash into the mix.
It says “hundreds of thousands” of its 1.8 million customers have invested in virtual currencies since the service was launched in December. Vlad Yatsenko, Co-founder and CTO, Revolut, comments: “We’ve been asking the Revolut community which cryptocurrencies they would like to see next, and the demand for both XRP and Bitcoin Cash has been absolutely overwhelming. After months of negotiation and development work, we’re incredibly excited to offer exposure to these two digital currencies to the UK market.”
Last month, the startup rolled out Vaults which allows clients to round up their card transactions to the nearest whole number and convert all their spare change into cryptocurrencies. More than 50,000 have so far signed up. Yatsenko says: “We launched this world first feature in order to offer frictionless exposure of cryptocurrencies to the mainstream population. The idea of exchanges, private keys and cold storage is a complete turn off for some people, so we wanted to offer a simple way for consumers to get exposure in this area.”