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Revolut Is Looking To Launch Its Own Crypto Token by dragosroua

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· @dragosroua · (edited)
$34.64
Revolut Is Looking To Launch Its Own Crypto Token
![cardmaprs8F8yglbpjounsplash.jpg](https://images.hive.blog/DQmc9focfaJqt593VsWHFY1cLUGoP6ozhRdgmA7VM2N5MS8/cardmapr-s8F8yglbpjo-unsplash.jpg)
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According to a [story published by Coindesk](https://www.coindesk.com/business/2021/09/27/revolut-to-launch-crypto-token-sources/) a couple of hours ago, Revolut is looking to launch its own crypto token - according to sources close to the matter.

According to the same source, the company is awaiting the green line from regulators. The token will be more like a Binance kind of thing, closer to Wirex than to a stablecoin. Probably rewarding users for using the Revolut app.

I find it somehow funny to see how bridges are starting to be built from the other side too. I mean, until now, it was kind of a big thing to have a Visa or Mastercard card linked to some crypto wallets, but now it seems fiat processors are doing the same thing.

As far as I remember, Revolut is the closest one to crypto among money transfer companies like Wise or N26, offering some sort of crypto ability to buy with its app - but not to freely move it to another crypto, which means you buy just a promise of something.

It's worth adding that Revolut declined to comment.

_Image by <a href="https://unsplash.com/@cardmapr?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">CardMapr</a> on <a href="https://unsplash.com/s/photos/revolut?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Unsplash</a>_ 

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vote details (328)
@drax.leo ·
That would be nice, but it would probably happen later than rather than sooner.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@drax.leo/re-dragosroua-53xmdp)
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@vikthor ·
Highly likely indeed!
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@ecency ·
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@sheikh27 ·
$0.11
Just a kind of monopoly which  seems like Facebook staring with libra coin, lets see if any policy is made for the others. 
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vote details (3)
@vikthor ·
$0.20
This is very interesting indeed! I don't necessarily see it as a bad thing, on the contrary. I wonder if the same will happen to Wise! That would be a blessing for Wise users indeed! :)
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