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Revolut Launches Crypto Card Feature in the UK

Revolut introduces a new crypto card feature allowing users to pay with cryptocurrency worldwide, while Dogecoin surges amid increased adoption.
Published on 2022-11-03

Revolut's New Crypto Card Feature

Revolut, the British neobank, has introduced a groundbreaking feature enabling users to convert their credit or debit cards into crypto cards. This innovative offering allows customers to choose an existing card or create a new one, with support for both physical and virtual cards. Users can earn 1% cashback in popular cryptocurrencies such as Dogecoin (DOGE), Shiba Inu (SHIB), Bitcoin (BTC), and Ethereum (ETH).

Revolut's Commitment to Crypto

Despite the crypto market downturn in 2022, Revolut remains committed to expanding its crypto offerings. CEO Nikolai Satoransky expressed that while crypto revenue was below 5% in 2022, the company believes in the long-term potential of cryptocurrency. This contrasts with 2021, when crypto contributed 30-35% of Revolut's total revenue.

Dogecoin's Surge and Adoption

Dogecoin (DOGE) has seen a significant surge, rising over 120% in recent weeks, driven by Elon Musk's Twitter acquisition. With a market cap doubling to $18 billion, DOGE is now the 8th largest cryptocurrency. Revolut's crypto card feature could further accelerate retail adoption of cryptocurrencies, allowing users to make crypto payments globally.

This development highlights the growing integration of cryptocurrencies into mainstream financial systems, with Revolut and Dogecoin leading the charge in adoption and innovation.

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