An Overview of Revolut A Sponsor of Decentralized 2018

in #decentralized20185 years ago (edited)

"Banks will charge you when you spend or transfer money abroad. We’re not about that, and that’s why over two million people have switched to Revolut."-Quoted from Revolut Website

You need to read that opening paragraph again to understand more of what I will be talking about today!

In this post, I will be talking about Revolut that is a sponsor of the Decentralized 2018 Blockchain event.

The Decentralized 2018 Blockchain event is an event that is bringing will bring over 70 speakers from over 50 countries together to discuss and exchange knowledge and ideas on the innovative business and political implications of blockchain technologies.

The event will take place on November 14-16, 2018 at the Divani Caravel, Athens, Greece. I will give more details on the event later in this post!

As mentioned earlier I will be giving an overview of the sponsors of this event. You can check my previous posts about other Decentralized 2018 sponsors ShipChain and ConsenSys.

Let me waste no more time but delve into today's post.

What is Revolut?

Revolut Ltd is a digital banking alternative that includes a pre-paid debit card (MasterCard or VISA), currency exchange, cryptocurrency exchange (Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP) and peer-to-peer payments. Revolut currently charges no fees for the majority of its services (but for a capped usage), and uses interbank exchange rates for its currency exchange on weekdays, and charge a markup from 0.5% to 1.5% on weekends. The Revolut App gives customers instant access to Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple by exchanging to/from 25 fiat currencies. However, cryptocurrencies remain locked in the app and cannot be moved to another cryptocurrency wallet.
Source Wikipedia

Image Source: Revolut Media Kit

In summary, Revolut helps you manage your money, transfer money easily and even withdraw money abroad with ease. I will explain all of these features in the next paragraphs below.

Revolut Accounts

1.Revolut Personal Account

2. Revolut Business Account

Revolut offers two accounts to choose from and that is Personal and Business accounts.
As the name says, personal accounts are opened by individuals and Business accounts by registered businesses!

1.Revolut Personal Accounts

Revolut Personal Account is further divided into current, premium and metal accounts!

1.Personal Current Account

The personal current account is an ordinary account which any person can open up and enjoy all the basic features of Revolut!

You can open it in just a few minutes, you will be provided with instant notifications any time you use your account.

You will also be able to send money(24 currencies) abroad with the inter-bank exchange rate.

You will also be able to use your personal current account to spend(150 currencies) abroad.

2.Personal Premium Account

The personal premium account will give you all the services offered by the current account with more benefits as listed below.
You will be ably availed with a MasterCard with an option to choose from silver premium, Black Rose Premium or Rose gold premium colors.
The card will be shipped you tour country as quoted below

We get that people are constantly on the move, and that’s why we’ll ship your exclusive Premium design card to over 180 countries within 1-3 business days. What’s more, we’ll even let you order a spare one for free!

The other advantage with personal premium accounts is the ability to exchange, spend and transfer unlimited amounts of money.
You can also have double ATM withdrawals abroad as quoted below

Withdraw up to €400 each month in free international ATM withdrawals, with a small 2% thereafter to help cover our costs. It’s only fair.

You will have access to worldwide travel insurance where you will access/have

  • Worldwide emergency medical and dental treatment

  • Compensation for delayed flights and luggage paid directly into your Revolut account

3.Personal Metal Account.

The personal metal account gives you access to the contactless metal card that can earn you up to 1% cashback!

As stated above, you can spend with your Metal card and earn 0.1% in Europe and 1.0% outside of Europe on your card payments in any of your supported currencies, including Bitcoin, Litecoin, and Ether!

You have access to triple ATM withdrawal abroad as stated below

Withdraw up to €600 each month in free international ATM withdrawals, with a small 2% thereafter to help cover our costs. It’s only fair.

2.Revolut Business Account

This is for business as can be read below.

A global business current account for easy international payments, with prepaid business cards and an Open API.

This account helps businesses hold, receive and exchange 25 currencies without any ridiculous bank charges!
It also has instant money transfers with a current user base of nearly 20,000 businesses. You can send money to any of these businesses instantly - no waiting, and certainly no fees!

The beauty with a Revolut business account is that all your team members get their own prepaid cards which can all be tracked by the company!

Your business can choose from the exclusive business card designs offered by Revolut.

You can also sync transactions into your favorite accounting platform. You can also use the Revlout API to intergrate your business account into your current systems!

I summarize below the features of Revolut Business Account.
1.Spend in over 150 currencies at the interbank exchange rate
2.Instant settlements(send and receive in 25 currencies)
3.Cross-border payments(pay 10 times less than a bank!)
4.Multicurrency cards
5.Integrations(with slack, and others)
6.Business Open API

Revolut Products

There is really alot to talk about in regards to Revolut, I will list the products offered below with corresponding links so that you can check out for yourself!

Money Transfer

Vaults

Budgeting

Perks

Cryptocurrency

Mobile Phone Insurance

Travel Insurance

I would recommend you to check out those links above and may be sign up for any of those those accounts above!

I promised to give more details on the Decentralized 2018 conference which Revolut is a sponsor.This is an event that will bring together experts in blockchain and crypto space to discuss and exchange knowledge and ideas on the innovative business and political implications of blockchain technologies

You can read more about Decentralized 2018 by following the links below,

Website: https://www.decentralized.com/

Speakers: https://www.decentralized.com/speakers-2018/

Promotional Video:

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