Revolut Users in Europe Gain Access to Crypto via Ledger

Crypto Reporter

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

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Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

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Last updated:

August 14, 2024 04:35 EDT

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British fintech Revolut has launched a new on-ramp with Ledger, letting customers use the app to access the crypto ecosystem.

Ledger Live users in most European Economic Area nations can now buy cryptocurrencies using their Revolut accounts or cards, a joint statement on Wednesday showed.

Revolut originally launched in the UK in 2015 as a money transfer service. Gradually, it expanded its offerings in 2017 to include cryptocurrency trading and management.

Revolut Simplifies Crypto Buying on Ledger Live for Verified Users

Customers who have finished their identity verification process on Revolut can purchase crypto on Ledger Live without further checks.

Meanwhile, non-Revolut users can verify their identity through an integrated Know Your Customer process. Then, they can use their Visa or Mastercard to make payments.

“Together, Ledger and Revolut are expanding people’s access to crypto and creating a new on-ramp for users,” the joint statement said. “As a result, more people will have an easy and seamless introduction to the world of digital assets, Web3, and — crucially — self-custody.”

“This partnership is the next step in our mission to help people onboard to Web3 securely and seamlessly”, added Emil Urmanshin, Crypto General Manager at Revolut.

“We’re delighted to be working with Ledger, a leader in the self-custody space, as we further cement Revolut as the go-to financial app for crypto investors.”

The British neobank rolled out two key crypto initiatives recently. The fintech first launched Revolut Ramp in March via a partnership with popular crypto wallet MetaMask. This offering was aimed at customers in the UK and Europe.

Then, in May, the firm expanded its offerings by launching Revolut X, a trading platform designed for UK-based retail investors.