Fintech giant Revolut and Binance-owned Trust Wallet announced Thursday that they are teaming up to make cryptocurrency purchases faster and easier for European users, without giving up control of their assets.
The two companies are launching an integration that allows Trust Wallet users to purchase cryptocurrencies using RevolutPay, debit or credit cards, and bank transfers, according to a press release shared with CoinDesk.
EU users can fund their wallet instantly and, in some cases, without fees. The press release states that unlike many other fintech-to-crypto offerings, users never need to deposit their funds into a centralized exchange.
Cryptocurrencies go directly into their Trust Wallet, a self-custodial app that, according to the release, has been used by more than 220 million people.
This partnership comes as Revolut accelerates its push into the crypto space. The London-based fintech hit a $75 billion valuation last month in a secondary share sale backed by companies including Coatue, Fidelity and NVIDIA’s NVentures. It also obtained a MiCA license through Cyprus, giving it regulatory approval to offer crypto services in the European Economic Area.
The company reported revenue of $4 billion and pretax profit of $1.4 billion for 2024 and has been expanding globally with new banking licenses in Mexico and Colombia. In November, Revolut also began working with Polygon Labs to enable crypto fund transfers in USDC, USDT, and POL via the Polygon blockchain.
The initial rollout of its partnership with Trust Wallet supports Bitcoin, Ether, Solana, USDC and USDT. More assets are expected to be added in the future.
