British fintech company Revolut has partnered with Ledger to provide customers easier access to the crypto ecosystem. Ledger Live users in most European Economic Area nations can now purchase cryptocurrencies using their Revolut accounts or cards. Revolut originally started as a money transfer service in the UK in 2015 and later expanded its services to include cryptocurrency trading and management in 2017. Customers who have completed the identity verification process on Revolut can easily buy crypto on Ledger Live without further checks, while non-Revolut users can verify their identity through an integrated Know Your Customer process and use their Visa or Mastercard for payments.
The partnership between Ledger and Revolut aims to expand access to cryptocurrencies for users and provide a seamless introduction to the world of digital assets, Web3, and self-custody. Emil Urmanshin, Crypto General Manager at Revolut, stated that this partnership is part of their mission to help people securely and seamlessly onboard to Web3. The collaboration with Ledger, a leader in the self-custody space, solidifies Revolut’s position as a go-to financial app for crypto investors. Revolut has recently introduced two significant crypto initiatives, including Revolut Ramp in March through a partnership with MetaMask, and Revolut X, a trading platform for UK-based retail investors launched in May.
The integration of Revolut with Ledger Live simplifies the process for verified users to purchase cryptocurrencies and engage with the digital asset market. Users who have completed identity verification on Revolut can easily access the crypto market through Ledger Live without additional checks. Non-Revolut users have the option to verify their identity through a Know Your Customer process integrated within the platform. This partnership between Revolut and Ledger aims to streamline the onboarding process for users, making it easier for individuals to enter the world of digital assets, Web3, and self-custody.
Emil Urmanshin, the Crypto General Manager at Revolut, emphasizes that this collaboration with Ledger is a significant step in their mission to facilitate secure and seamless onboarding to Web3. By partnering with Ledger, a trusted name in the self-custody sector, Revolut aims to solidify its position as a comprehensive financial app for crypto investors. The joint statement from both companies highlights the goal of expanding access to cryptocurrencies and creating a new on-ramp for users, ultimately making it easier for individuals to explore the digital asset market and self-custody options.
Revolut’s recent initiatives in the crypto space demonstrate the company’s commitment to providing innovative solutions for users looking to engage with cryptocurrencies. The launch of Revolut Ramp in partnership with MetaMask and the introduction of Revolut X for UK-based retail investors highlight the fintech company’s efforts to expand its crypto offerings. By partnering with leading industry players like Ledger, Revolut aims to enhance the accessibility of cryptocurrencies and provide a user-friendly experience for individuals interested in exploring the digital asset market. This strategic collaboration between Revolut and Ledger is expected to strengthen the position of both companies in the crypto ecosystem and drive further adoption among users.
Overall, the partnership between Revolut and Ledger signifies a significant development in the crypto space, particularly in terms of enhancing access to cryptocurrencies for users in the European Economic Area. By simplifying the process of purchasing cryptocurrencies through Ledger Live for verified users, Revolut and Ledger are enabling individuals to seamlessly enter the digital asset market and explore self-custody options. With a focus on user convenience, security, and accessibility, this collaboration underscores the growing importance of partnerships between fintech companies and blockchain technology providers in driving innovation and adoption in the crypto sector.
