Polkadot (DOT), Tezos (XTZ), Cardano (ADA), and Ethereum (ETH) token staking will be supported by Revolut, with payouts reaching up to 11.65%.
Revolut, a financial technology business with headquarters in London, has introduced a “crypto staking” option for its more than 25 million users, with an emphasis on those in the United Kingdom and the economic zone.
With payouts ranging from 11.65% to 2.99%, respectively, the staking option will only be available for crypto assets like ETH, XTZ, ADA, and DOT between now and February 10 in its entirety.
The digital bank introduced cryptocurrency cash-back programs for its premium users in 2017, and since then, it has made significant efforts to bring cryptocurrency into the mainstream.
Revolut provides trading and purchasing services in around 100 crypto coins and assets in addition to staking. A free blockchain course program that teaches the fundamentals of the technology and awards participants with free cryptocurrencies upon successful completion was introduced by Revolut in July 2022.
The digital bank obtained the Cyprus Securities and Exchange Commission’s (CYSEC) regulatory license on August 17, 2022; the license is intended to provide it complete access to provide Europeans with access to bitcoin (BTC) trading.
Revolut announced and expanded its crypto portfolio by adding 29 more tokens to its crypto assets class on September 21, 2022, working with its Apex crypto partners.
Revolut apparently shelved plans to introduce its own token because of the disastrous consequences of the FTX fiasco on November 8, 2022. On January 19, 2022, a Revolut spokesman told a financial news source that the neo-challenger bank was looking into the optimum moment to introduce the token.
