Revolut Enters Crypto Staking Market with Support for DOT, XTZ, ADA, and ETH
Fintech giant Revolut has announced that it will soon offer its customers the ability to stake cryptocurrencies. According to a report, the digital bank will be supporting the staking of tokens from Polkadot (DOT), Tezos (XTZ), Cardano (ADA) and Ethereum (ETH).
How Revolut’s Crypto Staking Works
Revolut, the famous fintech giant, has made a significant announcement that is set to change the game for its customers. The company will soon be offering the ability to stake cryptocurrencies, making it easier for customers to earn rewards from holding their digital assets in Revolute’s wallets. The digital bank will support staking for tokens from Polkadot (DOT), Tezos (XTZ), Cardano (ADA), and Ethereum (ETH), with expected rewards ranging from 2.05% for Ethereum to 11.65% for Polkadot.
How Revolut’s Crypto Staking Works
In a statement, Revolut CEO Nik Storonsky said, “We’re thrilled to offer our customers the ability to earn interest on their cryptocurrency holdings with Revolut. This is another step towards our mission of becoming the go-to destination for all of your financial needs, and we’re looking forward to launching more features like this shortly.”
Potential Rewards for Holding Cryptocurrencies in Revolut
The move into the crypto-staking market comes after months of speculation and follows news that rival digital banks such as Monzo and Starling Bank have already launched similar services. This new feature is expected to launch in the coming weeks, making it easier for Revolut’s customers to earn rewards from their digital assets.
What This Means for Revolut’s Customers
Since its launch in 2015, Revolut has become one of the most popular fintech companies in Europe and has only continued to grow. Its recent $580 million Series D funding round will help the company further develop its services, including crypto staking, and expand into new markets globally.
The Future of Revolut’s Fintech Services
Revolut’s move into the crypto staking market is a game-changer for its customers and the industry. The company’s commitment to providing its customers with a one-stop destination for all their financial needs is sure to make it a leader in fintech.
