Trust Wallet Adds Revolut for Instant, Low-Cost Crypto Purchases
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Trust Wallet, a self-custody wallet owned by Binance’s co-founder Changpeng Zhao, announced yesterday, December 11, that it has added Revolut to allow users to purchase crypto using the popular payments app. With Revolut, users can get instant funding and buy top tokens like BTC, ETH, and others while enjoying 0% fees when paying using their Revolut balance.
The company’s announcement says that Revolut will make it faster and easier to buy crypto across Europe, starting at 10 euros all the way up to 23,000 euros per transaction and per day. Furthermore, Trust Wallet also said that the feature was designed to allow users to stay in full control of their assets, while speeding up the overall processes involved in acquiring them.
Revolut’s involvement with the wallet also adds a major neobank to Trust Wallet’s growing roster of on-ramps. The fintech giant serves over 65 million users, and it recently received approval from the CySEC to offer crypto services across 30 countries in the EEA and under the EU’s MiCA framework.
Trust Wallet’s Integrations Now Enable Fiat On-Ramping
Trust Wallet’s CEO, Eowyn Chen, commented on the partnership, saying that European users will stand to benefit from it as it will provide them with a smoother path into self-custody.
“Partnering with Revolut, one of Europe’s largest neobanks with over 65 million verified users, allows Trust Wallet to offer a seamless and fee-efficient way for users to fund their wallets and access crypto,” Chen said. “For our users, it means faster onboarding, zero extra Revolut fees, and instant access to top cryptocurrencies like BTC, ETH, SOL, USDC, and USDT, all while maintaining full control of their assets,” Chen explained.
Revolut received its approval under MiCA in October, which granted the company the ability to passport crypto services across the EEA. Trust Wallet’s integration comes as fintechs and exchanges are moving to align their products with the new rules.
It is also worth noting that Trust Wallet has been increasing its own product stack to capture sectors that are expanding in Web3, and thanks to Zhao’s backing, the wallet has visibility across centralized and decentralized markets alike.
Its current strategy has seen it go after integrations, with the Revolut partnership being the latest one, and also one that will enable fiat on-ramping. Ultimately, it reflects a broader trend of connecting familiar mobile banking flows to crypto without having to give up control of private keys.
