Revolut has formed a partnership with Ledger, a prominent manufacturer of hardware wallets for cryptocurrencies. This collaboration aims to streamline the process of accessing cryptocurrencies for users residing in specific European nations.
The app developed by Revolut will be compatible with Ledger Live, the software that supports Ledger’s hardware wallets. This integration will enable users to buy cryptocurrencies such as Bitcoin and Ethereum directly within the Ledger Live app.
This collaboration is a component of Revolut’s overarching objective to expand the reach of the cryptocurrency realm, streamlining the procedure of purchasing digital currencies for investors in certain nations inside the European Economic Area (EEA).
Revolut users who have already undergone the necessary Know-Your-Customer (KYC) verification may now conveniently purchase digital assets using their bank cards. New users, on the other hand, can begin buying crypto once they pass a simple KYC process with either Visa or Mastercard.
Pascal Gauthier, the Chairman and CEO of Ledger, highlighted the mutual dedication of Revolut and Ledger to improving security and ease of use in the cryptocurrency industry. Their goal is to facilitate the transition of customers from conventional online platforms to the decentralized Web3 environment.
Revolut has formed a partnership with MetaMask, a well-known self-custody Web3 wallet, to enhance the availability of cryptocurrencies. Revolut has recently introduced its centralized crypto exchange, called Revolut X, which enables the conversion of traditional currencies into cryptocurrencies at a minimal cost for transactions.
