Revolut and MetaMask have teamed up to introduce Revolut Ramp, a feature enabling UK and European Economic Area (EEA) users to purchase cryptocurrencies directly into their MetaMask wallets. This partnership enables the process of adding digital assets to self-custody wallets, aligning with Revolut’s commitment to embracing the crypto space.
With Revolut Ramp, users can influence their existing Revolut account balances or use Visa and Mastercard to acquire cryptocurrencies seamlessly. This user-friendly integration aims to make crypto self-custody more convenient.
Revolut Ramp incorporates an integrated Know Your Customer (KYC) process, ensuring regulatory compliance. Existing Revolut users can bypass additional checks, relying on the company’s prior verification, while new users can complete the KYC process easily.
A noteworthy aspect of Revolut Ramp is that when users pay directly from their Revolut account, the fiat transaction occurs outside the traditional card scheme rails, taking place entirely within Revolut’s ecosystem. This approach is designed to ensure high transaction success rates and low fees for customers.
Mazen Eljundi, Revolut’s Global Business Head of Crypto, highlighted the partnership’s benefits, stating that the on-ramp solution ensures high success rates and low fees for transactions within the Revolut ecosystem.
Lorenzo Santos, Senior Product Manager at ConsenSys, the company behind MetaMask, emphasized the partnership’s role in fostering broader crypto adoption by making the digital asset space more approachable and less complicated for users.
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