The European alternative banking app designed for the globally mobile generation, Revolut, has just secured a major infusion of capital. With the new funding at hand the startup will be expanding to new markets around the world and add new features such as support for BCH and XRP to its crypto service.
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Europe’s New Unicorn
London-based alternative digital banking startup Revolut has announced today it just raised a Series C investment round of $250 million meaning the company is now valued at $1.7 billion. The new round of funding was led by Hong-Kong based DST Global with existing investors Index Ventures and Ribbit Capital also participating.
The startup was only launched in July 2015, making Revolut one of the fastest companies in Europe to reach the coveted unicorn status. Its services include pre-paid debit cards (Mastercard or VISA), fiat currency exchange, cryptocurrency buying and exchange, peer-to-peer payments, remittances, personal loans, travel insurance and international money transfers.
To celebrate the successful funding round, the company’s cryptocurrency service Revolut Crypto will be getting two new currencies added to its existing lineup. “We’re extremely proud to announce that we will be adding Ripple (XRP) and bitcoin Cash (BCH), alongside the current bitcoin (BTC), Litecoin (LTC) and Ether (ETH).”
Global Expansion
Besides the founding round, the company also shared today parts of its future roadmap. The first step appears to be hiring a lot of new employees. The team said: “Over the last 12 months, we’ve built up a reputation for moving faster than anyone else in the fintech space, and we don’t want to give up our crown anytime soon. That’s why we’re looking to hire as many talented developers and designers as possible, as we begin to scale the company globally.”
Revolut will also be expanding into North America and Asia with the new funding. The service will launch this year in the US, Canada, Singapore, Hong Kong, Australia and New Zealand, with many more countries promised to be in the pipeline. The company says that over 100,000 people have signed up to their waiting lists, across the world, with thousands joining every day. They commented: “By expanding overseas, we will be empowering millions of people to take control over their financial lives, and in the process, we will be reducing the cost of international transfers by partnering with the best players in the financial world.”
Finally, they also plan to add a new service for securities investments. “Revolut Wealth will be our next milestone, as we expand our services to allow our users to invest their funds into stocks, indexes and exchange traded funds (ETFs), alongside a variety of other financial instruments.”
Are you more likely to use Revolut now that it is adding support for BCH? Share your thoughts in the comments section below.
Images courtesy of Revolut.
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FuturoCoin, an interesting, fresh project is taking markets by the storm! First, it’s been listed on SouthXchange and now it’s implemented on CoinDeal!
Cryptocurrencies were created as a payment method – and this rule is the basis of the whole idea of FuturoCoin. What makes FTO special is that it is the very first cryptocurrency that has managed to overcome all the obstacles in fulfilling this mission, that other cryptos couldn’t. Also, what is the most important – FuturoCoin is not only a cryptocurrency. Its most significant value is that it is also the whole big venture and its main purpose is to build usability for FuturoCoin.
Taking markets by the storm
FuturoCoin can also pride itself on the fact that it has had a very engaged community since day one – both SouthXchange and platforms are listing cryptocurrencies chosen by its users by voting. On CoinDeal FTO took the first place in the second voting – and that is quite an achievement. FuturoCoin is available for trading since April 18th, and you can trade it in pair with BTC. CoinDeal, on the other hand, is also a very fresh project but has a huge potential to become a leader in the competition of similar platforms. It offers many conveniences such as the possibility of entering the market with Euro, as well as 24/7 support.
FuturoCoin features
It is already written above that FuturoCoin stands out as a cryptocurrency. Now, let’s explain why exactly. FuturoCoin source code is meant to become universally used. FTO wins it all with fixed fees, quick transactions, and prevention from double spending – these are the conditions for any cryptocurrency to become a payment tool. Transactions are probably the most attractive feature here because each FTO transaction lasts only four seconds.
Building usability
as a cryptocurrency meets the needs of crypto-users – it guarantees anonymity, as well as quick transactions. Due to its cooperation with PayCoiner service, soon it will be possible to pay in FTO or accept it in many commercial businesses – there’s is quite an advanced plan for accepting FTO in cafes. Adding FTO to PayCoiner is planned for June 2018. This might be a real break-through in the world of finances – paying with cryptocurrencies in everyday life is what FuturoCoin is aiming to. Another interesting venue is the game – Coin OF(F) Mine, which will be officially released on May 16th. The game is based on augmented reality technology, that lets its users actually win real FuturoCoins. Another way of getting the FuturoCoin is also a gambling project – FuturoDice, planned for 25th of May. It will be an online app, where you can check your luck and see if the fate will help you win some FTO.
Huge potential
Everything points to one conclusion – FuturoCoin is not only a cryptocurrency. It is the whole big venture, and that’s what guarantees the success. Also, as a cryptocurrency,
FuturoCoin is being developed all the time for constant improvement of its usability and increasing its value.
Follow FuturoCoin on social media for updates
