Revolut Partners with Lightspark to Enhance BTC Transactions in the UK

Revolut partners with Lightspark to enable faster Bitcoin payments via the Lightning Network in the UK and EEA, reducing fees and transaction times.

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Revolut and MetaMask Forge Alliance to Introduce Revolut Ramp

Revolut, the digital banking platform, has unveiled astrategic collaboration with MetaMask, the self-custodial wallet, to introducea feature known as Revolut Ramp. This offering allows users to replenish theirMetaMask wallets directly from their Revolut accounts.

Visa and Mastercard Flexibility for CryptoTransactions

The integration aims to simplify the process of addingcryptocurrencies to self-custodial wallets, catering to users in the UnitedKingdom and the European Economic Area (EEA). According to a recent pressrelease, Revolut Ramp empowers users to execute crypto purchases effortlessly,utilizing their fiat currency balance within their Revolut accounts.Additionally, users have the flexibility to complete transactions using Visa orMastercard cards.

The announcement comes on the heels of Revolut's recentdeclaration in February, wherein the company revealed plans to introduce acryptocurrency tailored for "advanced traders." This development,disclosed through a customer email obtained by CoinDesk, underscores Revolut'scommitment to expanding its cryptocurrency services beyond the basic offeringscurrently available to its user base of over 40 million customers.

"This partnership is really about giving our users whatthey want more control over their crypto, in a straightforward way, usingplatforms they already know and trust," said Lorenzo Santos, the Senior ProductManager at Consensys (the developer behind MetaMask). "It also plays acrucial role in fostering broader crypto adoption, opening up the world ofcrypto to more people," added Santos.

Revolut has joined forces with MetaMask to offer Revolut Ramp, a feature that will let users top up their MetaMask wallets with their Revolut account. By @ledesmalyllah.https://t.co/AtJTLKECzh

Addressing Cryptocurrency Promotion Concerns

However, amidst the ambitious strides in cryptocurrencyintegration, Revolut encountered regulatory hurdles in December, prompting thesuspension of crypto services for its business clientele in the United Kingdom.The decision was attributed to the implementation of new regulations by theFinancial Conduct Authority, which sought to address concerns surroundingcryptocurrency promotions and compliance standards.

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21Shares Debuts First Physically-Backed Bitcoin ETP on Nasdaq Dubai

The Middle East gets a physically-backed Bitcoin exchange-traded product following 21Shares Bitcoin ETP listing on Nasdaq Dubai. (Read More)

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Coinbase Cuts USDC Rewards for EEA Users: MiCAs New Impact on Crypto

Coinbase announced that it will no longer offer rewards for USDC holders in the EEA effective December 1st due to the impending MiCA regulation. The exchange sent an email to its users on November 28 highlighting the effects of new regulations on stablecoins. In its statement, Coinbase explained that the move is a result of […]

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Kraken to end Monero support in European Economic Area

Moneros price fell by 8% a day after Kraken announced it would stop supporting the privacy-focused cryptocurrency.

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Mysterious Disappearance of Multichain CEO Sends Shockwaves Through Crypto Community

Four days ago, on May 31, 2023, the cross-chain protocol Multichain announced on Twitter that the team has been unable to locate the firm’s CEO. As a result, controls to several blockchain network routers have been impaired. The project’s native token, MULTI, has experienced a 1% decline in the last 24 hours and a decrease [...]

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