Fintech challenger bank Revolut recently announced that it would be adding Ripple (XRP) and Bitcoin cash (BCH) in the list of available cryptocurrencies in its platform.
Revolut already made Bitcoin, Litecoin and Ethereum available for trade for its clients in its app in December last year.
Accordig to Revolut co-founder and CTO Vlat Yatsenko, “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,” he added.
The London-based startup is purely app-based and was launched by Yatsenko and Chief Executive Nikolay Storonsky in 2015. Since then the startup has attracted more than 1.7 million customers. Revolut also gained recognition as the first challenger bank to break even.
Revolut introduced a new feature to its app last month, which was called Vaults. Vaults converts clients spare change into cryptocurrencies by rounding up their card transactions to the nearest whole number. Over 50,000 customers signed up to the new feature.
Yatsenko said: “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,” he added.