2020-10-10 16:58 |
Digital bank Revolut recently partnered up with Fireblocks to integrate its services and improve customer experience. Through the partnership, Revolut was able to integrate Fireblocks’ MPC-based wallet, as well as new network infrastructure.
Revolut’s new partnership will enable new servicesAccording to Revolut, which considers itself to be a digital banking alternative, the company will now be able to support additional cryptocurrency-related services.
The firm decided that this is the right time for such a move, as the increased volatility during the global COVID-19 pandemic is attracting investors from all around the world.
Now, this latest addition to the company’s growing array of crypto services will enable its massive community to perform transactions with a single confirmation.
Revolut and Fireblocks to explore the crypto sector togetherAs some may know, Fireblocks features a number of different tokens, as well as plenty of use cases for its own users. For example, it allows them to earn passive income, and it offers to keep their assets safe. On top of that, it has access to over 20 leading exchanges, which reportedly move over $7 billion in assets per month.
It recently established another partnership with a DeFi platform, which will allow it to offer services such as exchange, OTC, and funds for deploying assets onto Compound, which can bring 3-7% interest.
Revolut’s Head of Crypto, Ed Cooper, commented on the move by noting that moving to Fireblocks’ wallet infrastructure will provide Revolut with a rather competitive edge over competitors. The challenger bank will be able to list more crypto features, which is important to stay in the lead.
After all, the crypto industry continues to develop at a rapid speed, and customers always look for services with the newest and most advanced features. Now, Revolut will be able to explore such features, as well as new experiences, alongside Fireblocks. The move represents the continuation of Revolut’s expansion, as the firm recently rolled out a number of new products. It also brought its app and service to its first non-English speaking market — Japan.
The post Fireblocks and Revolut partner up to enhance clients’ experience appeared first on Invezz.
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