Banking services provider Revolut has recently announced a collaboration with the popular crypto wallet MetaMask, unveiling Revolut Ramp. This new offering is aimed at users in the UK and European Economic Area (EEA) and signifies Revolut’s increased focus on the world of cryptocurrency.
Revolut Ramp simplifies the process of adding crypto to a self-custody wallet, allowing users to quickly onboard and purchase new coins directly into their MetaMask wallets. Users have the flexibility to utilize their fiat currency balance in 18 different currencies within their Revolut account or make payments using their Visa or Mastercard bank cards.
The integration of Revolut Ramp includes a streamlined Know Your Customer (KYC) process, enabling non-Revolut customers to complete verification swiftly. Leveraging Revolut’s extensive experience in processing fiat transactions and its established crypto product, the platform aims to enhance accessibility to the world of web3.
One notable feature of Revolut Ramp is that transactions made directly from the Revolut account bypass traditional card rails, operating entirely within Revolut’s ecosystem. This approach enhances transaction success rates and enables Revolut to offer competitive pricing without incurring additional card processing fees.
Revolut users can access over 20 different tokens through the app or website, with Revolut being the primary provider when selecting the ‘Buy’ option in MetaMask under the Debit or Credit payment methods. The seamless payment flow provided by Revolut ensures a user-friendly experience with high transaction success rates and low fees for all customers.
Mazen Eljundi, Global Business Head of Crypto at Revolut, emphasized that the on-ramp solution is designed to optimize transaction success rates and minimize fees within the Revolut ecosystem. Lorenzo Santos, Senior Product Manager at Consensys, the company behind MetaMask, highlighted that this partnership aims to simplify crypto transactions and make them more accessible to users, ultimately driving broader adoption of cryptocurrencies.
By combining the strengths of Revolut’s financial expertise and MetaMask’s user-friendly interface, Revolut Ramp represents a significant step towards empowering users to have greater control over their crypto assets in a straightforward and trusted manner. This strategic collaboration is poised to make crypto more approachable and less complex, catering to the evolving needs of users seeking a seamless crypto experience.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
