In a strategic move to enhance its crypto offerings, digital bank Revolut has introduced Revolut Ramp, a user-friendly solution for purchasing cryptocurrencies directly into MetaMask wallets. The innovative feature aims to streamline the onboarding process and facilitate quick and secure transactions within the web3 ecosystem.
Revolut Ramp’s integration with MetaMask marks a significant milestone, offering users a seamless experience for buying and storing over 20 different tokens, including popular ones like ETH, USDC, USDT, SHIB, and 1INCH. The collaboration leverages the strengths of both platforms to provide a secure and straightforward way for customers to engage with cryptocurrencies.
Swift Onboarding and Convenient Payments
Revolut Ramp ensures a swift onboarding process, allowing customers to purchase tokens directly into their MetaMask wallets. Utilizing their Revolut account’s fiat balance, available in 18 currencies, or opting for payment via Mastercard/Visa cards from any bank, users can navigate the crypto landscape effortlessly. Notably, the verification checks are expedited, drawing on existing verifications within the Revolut app for faster and more efficient checkouts.
Integrated Know Your Customer (KYC) Process
For non-Revolut customers, Revolut Ramp offers an integrated KYC process that can be completed in just a few minutes. This process utilizes the same infrastructure employed to verify the identities of millions of Revolut users, ensuring a low-friction experience for new customers. The feature comes with competitive fees and supports more than 20 different tokens, enhancing accessibility for a diverse range of users.
How to Utilize the New Feature
MetaMask users can seamlessly integrate Revolut Ramp into their crypto journey by clicking ‘Buy’ in their MetaMask wallet. Revolut is prominently listed as a top provider under the Debit or Credit payment methods. Upon selecting Revolut, users are redirected to a streamlined payment flow, where they can purchase cryptocurrency into their MetaMask wallet using a debit or credit card (Mastercard or Visa) or their Revolut account balance.
Revolut’s Commitment to Secure Crypto Practices
Revolut, a UK-based company known for its financial super app, has been increasingly incorporating crypto features into its offerings. The platform emphasizes responsible crypto practices, regularly informing users about the volatile nature of crypto assets. While advocating for wider access to crypto, Revolut underscores the importance of thorough research into various cryptocurrencies, risks, and opportunities before trading.
Representatives from Consensys, the company behind MetaMask, expressed enthusiasm about the collaboration with Revolut. They highlighted the partnership as a step towards making crypto more approachable and less complicated for users. This collaboration aims to give users more control over their crypto assets in a straightforward manner, utilizing platforms they already know and trust, ultimately contributing to the broader adoption of cryptocurrencies.
