In an effort to make buying cryptocurrency straight into MetaMask wallets easier, Revolut has announced a new project created in partnership with MetaMask.
The European neobank Revolut has launched a new partnership with MetaMask to streamline the purchase of cryptocurrencies and deposit them straight into MetaMask wallets.
Revolut Ramp is a venture that will be accessible to customers in the European Economic Area (EEA) and the United Kingdom. The company that created MetaMask, Consensys, stated in a blog post on March 6 that the goal of the action is to make adding cryptocurrency to self-custody wallets easier.
Customers from specific areas may now buy up to 20 different cryptocurrencies straight into their MetaMask wallets with Revolut Ramp, including stablecoins like USD Coin (USDC) and Ethereum (ETH).
According to the statement, Revolut users can rely on the existing authentication from the Revolut app and avoid further verification checks thanks to this connection. According to Consensys senior product manager Lorenzo Santos:
“This partnership is really about giving our users what they want — more control over their crypto, in a straightforward way, using platforms they already know and trust.”
This is just another move in the direction of the London-based digital bank, which has previously revealed ambitions to launch a cryptocurrency exchange for experienced traders.
The exchange will have features like market and limit orders, allowing users to buy assets at predetermined rates and buy tokens at real-time values, respectively. Though the site is still in beta testing, the precise date of Revolut’s cryptocurrency exchange’s public debut still needs to be discovered.
