Revolut has unveiled a new venture co-made with MetaMask to simplify the process of purchasing crypto directly into MetaMask wallets.
Revolut, the European neobank, has announced a new collaboration with MetaMask aimed at simplifying the process of purchasing cryptocurrency directly into MetaMask wallets. The venture, dubbed Revolut Ramp, will be available to customers in the U.K. and European Economic Area (EEA).
In a blog announcement on Mar. 6, Consensys, the company behind MetaMask, said the move is aimed at simplifying the process of adding crypto to self-custody wallets.
With Revolut Ramp, customers from select regions can now purchase up to 20 different cryptocurrencies, including Ethereum (ETH) and stablecoins like USD Coin (USDC) directly into their MetaMask wallets. The integration allows Revolut users to bypass additional verification checks, relying on existing verification from the Revolut app, the announcement says.
“This partnership is really about giving our users what they want — more control over their crypto, in a straightforward way, using platforms they already know and trust.”
Lorenzo Santos, senior product manager at Consensys
For the London-headquartered digital bank this is yet another step towards the crypto space as the firm had previously disclosed plans for its own cryptocurrency exchange tailored for advanced traders. The exchange is set to include features such as limit and market orders, offering users the ability to purchase tokens at real-time prices and buy assets at specific pre-determined prices, respectively.
However, the exact timeline for the public launch of Revolut’s crypto exchange remains unclear, as the platform is currently in beta mode.
