Revolut partners with Elliptic to support crypto withdrawals

Wednesday 12 May 2021 10:54 CET | News

UK-based digital banking service Revolut has partnered with blockchain company Elliptic to support crypto withdrawals and guard against risk.

The integration means that Revolut customers' crypto transactions will be recorded on the blockchain. Revolut will also be using Elliptic's tools to provide visibility into risks and the ability to block high-risk transactions.

This will be opened to all UK users followed by those in other markets such as Europe and the US, and eventually expand to other crypto assets on Revolut's platform, such as Ethereum and XRP.

This follows soon after Revolut announced the beta launch of Bitcoin withdrawals to other addresses for UK Metal service customers.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Revolut, blockchain, cryptocurrency, partnership, compliance, transactions , Bitcoin
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: United Kingdom
This article is part of category

Blockchain & Cryptocurrencies