In a significant move for European cryptocurrency adoption, London-based neobank Revolut has partnered with the popular self-custody wallet Trust Wallet to launch an instant crypto purchase service for users within the European Union. The integration allows Trust Wallet users to buy major cryptocurrencies directly within the wallet interface using Revolut Pay, cards, or bank transfers, with assets arriving immediately in their personal, non-custodial wallet.
The service currently supports five major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USD Coin (USDC), and Tether (USDT), with plans to expand the selection in the future. A key feature highlighted is the offering of zero-fee purchases in some cases, a major advantage over traditional exchange on-ramps.
This collaboration directly addresses a critical friction point in crypto onboarding: the slow and complex process of moving funds from traditional finance into self-custody. By eliminating the need to pre-fund an exchange account or wait for bank transfer clearance, the partnership aims to cater to both new users and seasoned traders seeking efficiency. Ed Cooper, Head of Crypto at Revolut, confirmed the partnership, stating it enables "instant crypto purchases in the EU with zero fees in some cases."
The strategic implications are notable. For Revolut, it expands the utility of its payment infrastructure. For Trust Wallet, acquired by Binance, it significantly improves user acquisition by solving a fundamental onboarding problem. The partnership underscores a broader trend of traditional fintech players building bridges to the decentralized ecosystem and emphasizes a shift towards user-controlled, non-custodial holdings.
It is important to note that the service's availability is currently confined to the European Union, adhering to specific regional regulations. While transaction fees may apply in some instances, the core promise is a faster, more secure, and cost-effective pathway for individuals to take true ownership of their digital assets.
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