Revolut has teamed up with Ledger to integrate its app into Ledger Live, allowing crypto purchases through the Ledger app for users in select European countries.
Revolut and Ledger have announced a new integration that allows its users in select European Economic Area countries to purchase cryptocurrencies seamlessly through Ledger Live, a software that allows crypto holders to track their portfolio.
In an Aug. 14 press release shared with crypto.news, Revolut said the integration would facilitate crypto purchases for users in select European Economic Area countries.
Existing Revolut customers who have completed Know Your Customer verification will bypass additional verification, enabling them to acquire crypto. New users can also complete a KYC process to access the service using Visa or Mastercard, the press release reads. Revolut’s general manager of crypto Emil Urmanshin said the collaboration is the “next step in our mission to help people onboard to web3.”
Revolut doubles down on crypto
The latest move follows Revolut’s cautious expansion into the crypto space, including the phased rollout of its own crypto exchange, Revolut X. Unlike traditional rollouts, Revolut X has been initially available to professional traders only, offering a fiat-to-crypto switch with zero fees for makers and a 0.09% fee for takers.
Revolut has been thinking about starting its own crypto exchange since 2021, when the London-headquartered company started looking for someone to lead the team “to architect and build Revolut Crypto exchange.” The neobank, which has a $25.7 billion valuation as of April, has been offering crypto services to 30 million customers worldwide and offers exposure to more than 50 tokens.
Read more: Revolut partners with MetaMask to enable in-wallet purchases