Partnership Overview

Petr Kozyakov, co-founder and CEO of Mercuryo, pointed out that Revolut operates across more than 160 countries and processes numerous fiat transactions valued at millions. This extensive reach positions Revolut as an ideal entry point into the cryptocurrency sphere for numerous users. By integrating Revolut Pay with Mercuryo’s On-Ramp solution, we are providing a streamlined, secure method for Revolut customers to access the world of digital currencies.

Revolut Pay is crafted to facilitate easy purchasing of digital currencies via non-custodial wallets like Ledger, MetaMask, and Trust Wallet. This initiative represents Revolut’s significant step into the decentralized finance (DeFi) market, aiming to connect its extensive services with various crypto wallets and providing an easy, safe platform for customers to acquire cryptocurrencies.

In alignment with its mission to enhance the accessibility and convenience of financial services, Revolut aspires to eliminate intermediaries for users engaging with cryptocurrencies through this latest offering.

Key Features and Advantages of Revolut Pay

Revolut Pay is designed with user experience as a priority, offering vital features that enhance usability while also ensuring cost-effective transactions. Customers will gain access to a dependable and low-cost payment method for purchasing cryptocurrencies directly from their non-custodial wallets.

One of the standout attributes of this service is the simplification of the purchasing process. Users can acquire their chosen cryptocurrencies with a single click, reducing the complexity typically associated with such transactions.

Mercuryo & @RevolutApp: 1-Click Crypto Purchases

We’re thrilled to announce that Mercuryo now enables 1-click cryptocurrency purchases with Revolut Pay!

Robust security measures are also integral to the platform. Advanced methods such as biometric verification and passcodes are embedded within the system to provide a secure environment for transactions. Additionally, users will need to authorize their purchases through the Revolut Pay application, enhancing both security and efficiency.

For customers who do not have access to the Revolut app, transactions can still occur using credit or debit card credentials. Initially, the service will be available to customers in the European Economic Area (EEA), supporting a variety of fiat currencies including USD, EUR, and GBP.

Revolut Pay offers buyers access to a diverse selection of 44 cryptocurrencies, setting it apart from other offerings in the market. The service employs a Know Your Customer (KYC) approach, enabling newly registered users to verify their identities and gain unrestricted access to the platform’s various features almost instantly.

This registration process leverages the existing KYC structure already implemented in Revolut, ensuring compliance with regulatory mandates while maintaining user-friendliness.

Expansion of Services into Ukraine

In conjunction with the launch of Revolut Pay, the company has also introduced its services to Ukraine. The announcement made on the same day reveals that Ukrainian residents can open a European Revolut account and take advantage of an array of financial offerings.

To mark this expansion, Revolut is unveiling a specially designed Clear Sky debit card, allowing Ukrainian users to execute instant, cost-free peer-to-peer (P2P) transfers while enjoying competitive exchange rates for over 30 currencies.

We’re excited to bring services for Ukrainians. To commemorate, we’re launching a special edition Clear Sky debit card!

This service empowers residents to transfer and receive funds globally without incurring excessive fees. Additionally, users can opt for a virtual or physical debit card suitable for daily transactions.

In collaboration with Diia, a government platform in Ukraine, Revolut aims to streamline the onboarding process, ensuring users can easily access the services offered.

Frequently Asked Questions

What is Revolut Pay?

Revolut Pay is a new payment service that allows users to purchase cryptocurrencies quickly and securely straight from their Revolut accounts with just one click.

Which cryptocurrencies can be purchased through Revolut Pay?

Revolut Pay supports the purchase of 44 different cryptocurrencies, providing users with extensive options for investment and trading.

Is Revolut Pay available to users outside of Europe?

At its launch, Revolut Pay will initially be available only to customers within the European Economic Area (EEA), with plans for potential expansion to other regions in the future.