Popular fintech company Revolut has collaborated with MetaMask to launch the Revolut Ramp. According to a blog post released by the fintech company, users can now purchase cryptocurrency directly into their self-custodial MetaMask wallet. In the blog post, Revolut described the collaboration as an effort to double down on its commitment to the cryptocurrency industry.
As revealed, Revolut Ramp is a simplified method that supports users to purchase cryptocurrency with more than 18 global fiats. More so, they can pay using their Revolt balance or their Visa and Mastercard bank card. Upon the completion of the transaction, the virtual assets purchased will automatically reflect in the user’s designated wallet.
Meanwhile, Revolut disclosed that people can now purchase about 20 popular cryptocurrencies through the new offering. Some of these virtual assets are ETH, USDC, USDT, SHIB, 1INCH, and many others. To explore this payment option, MetaMask users should click the buy option in their wallet, and select Revolut. In the blog post, the fintech company described the partnership as a way of onboarding more users into the web3 landscape.
It is worth mentioning that Revolut is one of the leading fintech companies that has attracted huge patronage thanks to their simplified ways of purchasing cryptocurrency. According to the blog post, Revolut has more than 40 million users across the globe. Also, the fintech company has collaborated with numerous firms within and across the web3 landscape, to introduce game-changing innovations.
Reaction to the Collaboration Between Revolut and MetaMask
Top executives of the two partners provided insights into the collaboration. Mazen Eljundi, Global Business Head of Crypto at Revolut described how the fintech company is excited to launch the new payment tool. Further, the executive discussed how the firm’s on-ramp tools ensure high success rates for transactions carried out within the fintech company’s ecosystem.
Additionally, Mazen Eljundi explained how the fintech company offers low fees on all transactions. The executive described MetaMask as a leader in the web3 space. According to Eljundi, the firm, through Revolut Ramp, will now offer MetaMask users the opportunity to purchase more than 20 cryptocurrencies using fiats. The executive stated that transactions using the payment gateway will be fast, secure, and efficient to use.
Likewise, Lorenzo Santos, Senior Product Manager at Consensys revealed that the collaboration with Revolut will make crypto more easy to use and adopt. Lorenzo Santos added that the collaboration will give users of MetaMask more control over their cryptocurrencies through trustworthy platforms.