Crypto-friendly neobank Revolut opens to Brazilians

Revolut makes its debut in Latin America with the deployment of its application to Brazil. The fintech The British government is initially offering its multi-currency accounts and its crypto investment service.

The British Revolut is tackling the South American market with the announcement on Tuesday of the launch of its mobile application in Brazil.

Our mission is to unlock a borderless economy with accessible, easy-to-use financial products that allow our customers to use their money effectively. We will start with the global account and crypto investments , but this is just the beginning,” commented Nik Storonsky, Revolut’s boss, in a statement.

Revolut will therefore provide its multi-currency current accounts and payment cards but will also offer its functionality tobuy and sell a hundred cryptocurrenciesincluding Bitcoin and Ethereum.

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According to Glauber Mota, former BTG Pactual and head of Revolut’s deployment in Braziltoday there is a ” growing demand “for access to digital assets in the country. Brazil’s BTG Pactual, one of Latin America’s largest investment banks, opened a crypto-exchange last summer and recently launched its own stablecoin.

Revolut has been making it possible to invest in crypto since 2017 and could, in the future, issue its own digital token. Recently, the neobank launched staking on ETHADA, XTZ and DOT.

The company claims 25 million customers in the world. Well-established in Europe, it plans to open up new regions in the near future with India, Mexico and New Zealand.

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