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Revolut and MetaMask Collaboration Unlocks Direct Crypto Purchases

Revolut and MetaMask Collaboration Unlocks Direct Crypto Purchases

Key Takeaways

  • Revolut's partnership with MetaMask allows direct cryptocurrency purchases for users in the UK and EEA, supporting over 20 tokens.
  • The integration simplifies the KYC process for Revolut users, leveraging existing verification for MetaMask transactions.
  • This initiative aims to enhance user experience and promote wider cryptocurrency adoption by making purchases more accessible and straightforward.

Revolut, a fintech firm based in London, has announced its partnership with MetaMask, a self-custodial wallet, to facilitate direct crypto purchases for users in the United Kingdom and the European Economic Area (EEA).

The alliance introduces an innovative feature that allows Revolut users to buy more than 20 tokens with 18 supported fiat currencies directly into their MetaMask wallets.

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MetaMask's capabilities for direct in-wallet crypto purchases are enhanced by various payment methods, including card payments, bank transfers, and digital wallets (Apple Pay, Google Pay, PayPal). Now, through Revolut's integration, a more seamless and user-friendly experience is available.

This integration has also simplified the Know Your Customer (KYC) process. Users adding funds to MetaMask via the Revolut app can bypass additional verification checks, as Revolut's existing verification mechanisms will be utilized.

Lorenzo Santos, a senior product manager at MetaMask's parent company Consensys, noted:

This partnership is really about giving our customers what they want — more control over their crypto, in a straightforward way, using platforms they already know and trust.

The initiative not only addresses current users' needs but also paves the way for broader crypto adoption globally.

This development comes a few months after Revolut temporarily suspended cryptocurrency purchases for UK customers to comply with new Financial Conduct Authority regulations.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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