The best of 2 worlds: a crypto debit card
The old financial system can rescue a fundamental element, which could even be considered revolutionary, is the use of Cards (physical) to carry out transactions, allowing people not to depend on tickets or a computer. The model of the future has the idea of decentralization and digital money, however, has no comfortable way to make payments. What would you say if the startup Revolut can solve that problem?
Revolut: The digital anti-bank
The European startup announced last week the arrival of the solution for many, being Revolut Metal, the card that brings the traditional financial system with crypto. This invention is a reflection of the objective of the company, which as the name indicates, wants to revolutionize the world of banks, being its tools the Internet and digital media.
Background
As it stands, the firm provides its tech-savvy users with a platform of brokerage, commission-free brokerage, Paypal payment processing services, and a foreign currency of $ 25. However, Revolut has not ignored the technology that has been taking advantage of the heart fibers of Fintech enthusiasts, since its mobile application also supports the purchase and direct sale of five cryptocurrencies.
In some ways, Revolut can be compared to Robinhood, but it can easily outperform the power of Fintech in many, if not most, aspects.
Revolut's innovative features did not go unnoticed, as the company's products attracted the attention of more than two and a half million customers, who jointly issued more than 150 million transactions worth more than 15 billion euros in Only a few years. In addition, a recent round of financing has valued the business at staggering $ 1.7 billion.
Revolut Metal: the promised card
Revolut Metal, which is the company's new and exciting company, aims to become the preferred debit card for technology and cryptography advocates. The European company intends to provide Metal card holders with a variety of intriguing features, by charging £ 120 ($ 154) per year or £ 12.99 ($ 16.5) per month.
A "dedicated concierge service", £ 600 ATM withdrawal, "free medical insurance abroad and Revolut exclusive offers" are just some of the features that should make the $ 150 annual fee worth every penny.
Speaking with The Next Web, the representatives of Revolut explained the company's aspirations for the product, stating:
"We see Revolut Metal as an essential lifestyle product for people of all ages and income levels, from digital nomads to professionals who work every day. We are absolutely convinced that Revolut Metal will be the exclusive charter of the future and an absolute necessity for travelers from all over the world. "
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