When we first heard of Revolut, we saw it as a business that focuses on travel, and so we were a bit confused when we saw they had also integrated Bitcoin on their platform. For those that don’t know what Bitcoin is, it is a cryptocurrency that can be transferred and used around the world. It can be used in the same way that normal currency is used, but it is also used by the people, who use it, to send money to each other.
Revolut, a fast-growing European mobile banking service, has partnered with Dogecoin (DOGE) to allow users to buy and sell the popular cryptocurrency using their prepaid cards. The cryptocurrency will be available to customers in Spain in the coming weeks.
Revolut expanded into the cryptocurrency market on April 13, 2018, when it announced that customers who deposit a minimum of €10,000 or more into their account would be eligible for a one-off 25% bonus on all cryptocurrencies deposited.
Summary of the situation – Dogecoin joins the Revolut platform as the 30th virtual currency. – The cryptocurrency meme is up over 6000% from its initial value in early 2021. UK-based financial services provider Revolut has added Dogecoin to its platform. The digital bank announced this new crypto-currency on Tuesday. The launch of DOGE with Neobank London came after the popularity of the token skyrocketed. It’s worth remembering that Dogecoin’s value has increased over the past seven months, in line with the upward trend of the crypto-currency market as a whole. Elon Musk’s support for Dogecoin has also been a big help in raising its value. Ed Cooper, head of cryptocurrencies at Revolut, notified all users of the Doge integration via email. Cooper announced to its users that Dogecoin has finally been added to the list of most popular crypto-currencies. The Meme crypto currency is now present on the platform alongside Bitcoin, Ethereum and other virtual currencies. Cooper also added that interested customers can trade the new cryptocurrency seamlessly. This mobile app has gained notoriety for its support of cryptocurrencies and emphasizes a secure buy/sell system.
Dogecoin: Cryptocurrency Memes
The crypto currency Dogecoin is called a meme coin because it is based on an image that was trending on the internet at the time of its creation. DOGE was founded in 2014 by Billy Marcus as a joke on Jackson Palmer. In the six years of its existence, the digital currency has gained the recognition and support of many tycoons around the world. In just 2021, the cryptocurrency gained over 6,634%, which Revolut addressed. Dogecoin is currently in the top ten cryptocurrencies in terms of market capitalization. Dogecoin is trading at $0.33 on Tuesday and has lost more than 10% of its value in the past 24 hours. However, this type of asset loss does not only occur with DOGE, but with all cryptocurrencies.
Revolut is not the only one interested in Dogecoin
While the adoption of Dogecoin by cryptocurrency app Revolut is fantastic, it’s not the only company interested in it. Coinbase Pro, the largest US exchange system, recently added a DOGE token to its platform. Revolut has been number one as an app in the UK since its launch in 2017. In early 2021, the cryptocurrency mobile app expanded to include 11 tokens on its platform. All cryptocurrencies traded on the interface are popular and legal to use. DOGE has become the 30th cryptocurrency to be registered on the UK platform. The interface may have expanded its collection to other cryptocurrencies that are booming in the market. Cooper explains that Revolut is improving because of new users entering the cryptocurrency market.Revolut, a British startup known for its debit cards, now lets users spend their cryptocurrencies as well as convert them to traditional currency. The new feature includes Bitcoin, Ether, Litecoin, Dogecoin, and Ripple as well as European inflation-indexed bank deposits. The company also now lets customers use their app to directly buy and sell cryptocurrencies, rather than using payment cards for ATM withdrawals.. Read more about why dogecoin and let us know what you think.
[Get this reference after reading the 2nd paragraph] Revolut is a European virtual money platform that’s been making headlines lately for its new Bitcoin features. Its new service, Dogecoin, is one that has been criticized by the cryptocurrency community, who claim it is a scam. Will Revolut defend its choice, or will it cave into the pressure and remove the Dogecoin option?
Will Revolut add more Cryptocurrency?
Revolut is a digital banking service that allows users to manage bank accounts, pay bills, send money overseas, buy cryptocurrencies, and much more. This week, Revolut revealed that it will now integrate Dogecoin on its platform. Dogecoin is a cryptocurrency that is so easy to mine, it is one of the top choices for gamers to use to buy in-game items. Revolut is a great way to help grow the adoption of cryptocurrencies, and it is exciting to see them integrating more and more. Cryptocurrency is a trend-driven life-changing investment – at least that’s the message Revolut is pushing with its rebranding. The brains behind the company, Nikolay Storonsky, says that the company is taking a “holistic approach” to crypto. There is a lot of money pouring into the industry, and Revolut is hoping to tap into a lucrative space.
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