Revolut Allows Crypto Spending To Standard Debit Cards

Revolut is introducing a cryptocurrency spending mode to its debit cards in the United Kingdom and Switzerland, allowing clients to choose between cryptocurrency and fiat transactions regardless of whether they are made online or offline.

Within the Revolut retail app, the new capability may be enabled on any existing card.

Customers who intend to spend their cryptocurrency using the Revolut card must go to the Cards area of the retail app and choose one of their current real or virtual cards. The user must next access the card’s settings and change the currency from fiat currency to one of the over 100 tokens supported by the Revolut app. Once the crypto pocket is connected, a crypto-enabled card will process payments using tokens that are instantaneously converted.

Customers may also obtain a virtual or real card that can be used only for bitcoin payments.

During the promotional time, crypto-enabled cards give a one percent cashback on all transactions, both online and offline, credited to accounts in the currency used at the point of sale.

Emil Urmanshin, crypto general manager at Revolut, says: “This year we have not only increased the number of cryptocurrencies available in the Revolut app to close to 100 tokens and launched Crypto Learn & Earn education courses enjoyed by millions of our customers. Now, we are making crypto even more mainstream, by empowering people to use crypto-enabled cards to spend their tokens for everyday purchases.”