Revolut Launches Standalone Crypto Exchange Across Europe

November 14, 2024 Bitcoin.com

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Revolut is expanding the international reach of its digital asset services with the rollout of Revolut X in 30 new countries across Europe. This expansion follows the standalone crypto platform’s launch in the UK in May, where it was designed to cater to both professional and retail crypto traders. Revolut X offers advanced trading features […]

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Revolut Says Company Has Prevented $621,880,000 in Potentially Fraudulent Crypto and Fiat Transfers

October 9, 2024 The Daily Hodl

crypto

Digital banking app Revolut says the company blocked more than $621 million of suspected fraudulent crypto and fiat transfers in 2023. In a new Revolut blog post, the company is highlighting the security measures it takes for its more than 45 million customers banking with them more than $23.7 billion of their wealth. “In 2023, […]

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Revolut prevents $13.5M of ‘potential fraud transactions’ in crypto

October 8, 2024 Coin Telegraph

Revolut prevents .5M of ‘potential fraud transactions’ in crypto

Bitcoin

Revolut has been under fire as fraud complaints piled up in 2024, but the company has insisted it saved hundreds of millions in “potential fraudulent transfers.”

Cryptocurrency-friendly neobank Revolut said it has prevented millions of dollars in potential customer losses from fraudulent crypto transfers over the past three months

Revolut said on Oct. 7 that it blocked up to $13.5 million worth of “potentially fraudulent crypto transfers” between June 1 and Sept. 1, 2024, according to an announcement sent to Cointelegraph.

“The company’s proactive approach has seen it significantly enhance its crypto-specific security measures recently, which has led to an increase in the amount of potential fraud it has prevented,” Revolut said.

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Financial Giants Robinhood and Revolut Mulling Potential Stablecoin Rollouts: Report

September 27, 2024 The Daily Hodl

crypto

Retail trading platform Robinhood and digital banking app Revolut are reportedly looking at the possibility of issuing their own stablecoin. Citing people familiar with the matter, Bloomberg reports that the two financial technology giants are considering joining the $170 billion stablecoin market but are still opting not to proceed. A Robinhood spokesperson says the company […]

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Robinhood, Revolut eye entry into stablecoin market — Report

September 26, 2024 Coin Telegraph

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Both Robinhood and Revolut are reportedly considering issuing their own stablecoins as the industry continues to expand.

Fintech giants Robinhood and Revolut are eyeing the stablecoin market, as new regulations in Europe promise to deliver regulatory clarity and impact crypto-native companies’ market share.

According to a Sept. 26 Bloomberg report citing unnamed sources, both Robinhood and Revolut are considering issuing their own stablecoins as the industry continues to expand.

The stablecoin market has been largely dominated by Tether’s USDt (USDT). The stablecoin issuer has benefited from the broader macroeconomic landscape and crypto market turbulence over the past two years, including banking crises and regulatory crackdowns on firms in the United States.

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Crypto-Friendly Digital Bank Revolut Set to Launch Its Own Stablecoin

September 19, 2024 Bitcoin.com

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Crypto-friendly digital bank Revolut is set to launch its own stablecoin, marking a significant expansion of its crypto offerings. This move positions Revolut alongside major players like Paypal, Ripple, and Bitgo in the highly competitive stablecoin market. The London-based fintech company, which holds a UK banking license, aims to ensure compliance and safety with this […]

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Fintech giant Revolut authorized to become a UK Bank

July 25, 2024 The Crypto Briefing

Business

Revolut's UK banking license could enhance its market position, attract more users, and potentially influence global regulatory trends.

The post Fintech giant Revolut authorized to become a UK Bank appeared first on Crypto Briefing.

Ripple CEO Sounds Alarm on SEC Chair Selection Amid Warnings of Oversight Risks

Crypto-Friendly Revolut Targets $45 Billion Valuation in Upcoming Share Sale

July 24, 2024 Bitcoin.com

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Revolut, the crypto-friendly digital bank, is reportedly planning to sell $500 million of employee shares, targeting a staggering valuation of $45 billion. This move is seen as a significant step towards a potential Initial Public Offering (IPO). Revolut’s progressive approach to cryptocurrencies, combined with its innovative banking solutions, continues to disrupt the financial sector, underscoring […]

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Shapeshift Founder Erik Voorhees Claims Revolut Shut Down His Account for Interacting With Crypto

June 27, 2024 Bitcoin.com

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Cryptocurrency entrepreneur Erik Voorhees has publicly criticized Revolut, claiming the fintech company shut down his account due to his interactions with cryptocurrencies. Despite not using Revolut’s crypto service and funding his account via fiat from an exchange, Voorhees experienced a freeze on his account for three weeks, followed by termination. This incident occurred even after […]

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Revolut X, New Cryptocurrency Exchange Platform, to List Dash

May 10, 2024 Bitcoin.com

bitcoin.com

The Dash community has revealed on social media that the coin will be included in the trading options on Revolut X, the new cryptocurrency exchange platform by Revolut. This development expands Dash’s reach to Revolut’s rapidly growing user base. Revolut X, a standalone web app separate from Revolut’s main banking app, is designed to provide […]

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