Revolut, a digital payment company, is giving its millions of users a way to earn “free” cryptocurrency. They’re launching a new debit card that comes loaded with a 1% cash back that can be redeemed in any of the company’s available cryptocurrencies, which include BTC, LTC, ETH, and XRP. All card transactions made outside of Europe will be eligible for 1% cash back, while Europeans get 0.1%. Users will also get commission-free trading with other special perks.
Revolut wants to disrupt traditional banking. It lets customers buy/sell cryptocurrency and make instant transfers across borders in more than 120 counties and in over 130 currencies with up to 8% off typical rates. Its currently serving over 2M customers with a volume of over $22B and signing up about 6K people/day.
“While the new plan already comes packed with a host of exclusive benefits, Revolut will continually improve the package with extra benefits such as wholesale rates at international airport lounges, family accounts, unlimited disposable virtual cards and extra incentives for Revolut’s highly anticipated commission-free trading platform that will launch soon.
The new metal card is fully contactless and has been designed with obsessive attention to detail. At three times the weight of a regular card, Revolut Metal is crafted from a single sheet of reinforced steel using a diamond drill bit. Paint particles have then been layered to the card using a physical vapour deposition, with customers’ details etched onto the card using a high precision laser.”
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