"Revolut Pay Integration Now Available on MoonPay" or "MoonPay recently incorporated support for Revolut Pay"
In a move that further bridges the gap between traditional finance and the crypto economy, MoonPay has integrated Revolut Pay into its platform. This integration enables MoonPay users with Revolut accounts to buy cryptocurrency using Revolut Pay, providing a seamless and accessible experience for millions of users.
Revolut Pay, a popular payment method in the UK and EU, allows users to pay directly from their Revolut account in one click, eliminating the need for additional payment details. This integration means that MoonPay users can now buy crypto with the payment method they already trust and use every day, bypassing challenges faced with debit and credit card transactions.
Ivan Soto-Wright, CEO and co-founder of MoonPay, stated that this integration means millions of Revolut users can now buy crypto with ease. He further added that this integration simplifies transactions for MoonPay users who use Revolut for online transactions, making the process more straightforward and efficient.
MoonPay offers an extensive range of cryptocurrencies for trading, and its integration with Revolut Pay allows for instant, easy access to buy cryptocurrency with no extra steps or account switching. This integration also reduces payment-related drop-offs and delivers a seamless checkout experience, fostering long-term customer loyalty.
Revolut Pay comes with built-in security measures, and MoonPay's Smart Checkout Features include repeat purchases and enterprise-grade security. To authorize a purchase using Revolut Pay, users can use a passcode or biometric ID, ensuring a secure transaction process.
This integration simultaneously enables the payment option for all 500+ of MoonPay's partners, including Zengo, Solflare, Uniswap, OpenSea, Bybit, Sweat Wallet, and more. MoonPay's Smart Checkout Features, such as repeat purchases, further streamline the process for users, making it easier than ever to buy and sell cryptocurrencies.
Founded in July 2015, Revolut started by providing low-cost, instant payments and competitive foreign exchange rates for individuals across the UK and European Economic Area (EEA). By 2017, Revolut raised significant funding, reaching a valuation of over £42 million and processing almost £1 billion in transactions. This financial backing fueled its expansion, and in June 2017, Revolut launched its business-focused service, "Revolut Business," allowing businesses to manage multi-currency transactions.
In 2017, Revolut introduced cryptocurrency trading, making it one of the first mainstream financial apps to offer such services. Users could buy, hold, and sell cryptocurrencies directly within the app, positioning Revolut as a forward-thinking player in the fintech space and attracting a tech-savvy user base.
Over the years, Revolut has continued to diversify its services, securing a European banking license in 2018 and expanding its offerings to include stock trading in 2019. These moves further solidified its position as a comprehensive fintech platform. By 2023, Revolut reported significant profits, indicating a turning point in its financial health, and the company continued to expand its services, reaching 50 million users by November 2024.
Revolut's impact on cryptocurrency transactions has been significant, providing a seamless and accessible platform for users to engage with digital currencies. While specific data on cryptocurrency transactions through Revolut is not detailed in the available information, it is clear that Revolut has played a crucial role in mainstreaming cryptocurrency trading and enhancing financial inclusion through its innovative services.
Technology has played a pivotal role in shaping the future of finance, as evidenced by MoonPay's integration of Revolut Pay into its cryptocurrency trading platform. With this integration, MoonPay users can conveniently buy cryptocurrency using the popular payment method and eliminate challenges commonly faced during debit and credit card transactions, thanks to Revolut's security features and one-click payment system. Furthermore, Revolut's entry into the cryptocurrency market in 2017 significantly contributed to the mainstreaming of digital currencies, providing a seamless and accessible platform for users to engage in cryptocurrency trading.
