Revolut Announces ‘BIG’ Crypto Update, Ripple (XRP) Fans React

Mobile banking and cryptocurrency trading company Revolut recently dropped a tantalizing tease on the crypto community, promising major news this week.

We have a BIG update dropping next week for our Crypto fans… ? pic.twitter.com/N4YNcu984I

— Revolut (@RevolutApp) May 18, 2018

The tweet triggered some instant feedback – especially from fans of Ripple (XRP) – who were quick to point out that Revolut missed its deadline to add XRP at the start of the month. In response, Revolut got a little GIF crazy.

pic.twitter.com/lwIfGHaYMS

— Revolut (@RevolutApp) May 18, 2018

pic.twitter.com/X1ezlVa4Gz

— Revolut (@RevolutApp) May 18, 2018

Some replies to Revolut were a bit more aggro than others…

pic.twitter.com/kJVDvqmwzP

— Revolut (@RevolutApp) May 18, 2018

Not to be left out, Bitcoin Cash fans pointed out they’re also waiting for Revolut to support BCH, as promised.

Sure… ??? pic.twitter.com/8ogeSnBwda

— Revolut (@RevolutApp) May 18, 2018

Crypto enthusiasts also pondered whether Revolut will start allowing users to deposit and withdraw cryptocurrency from wallets and exchanges to and from the platform.

if this is xrp and not deposit/withdraw pic.twitter.com/9EdLavYxEm

— Loris ?? (@M_Kartman) May 18, 2018

In addition, Revolut cleared up some confusion about how to sign up for Revolut Crypto, noting that you don’t have to be a premium member to buy cryptocurrency on the app.

Hey there! All of our users are crypto eligible! Go to the "More" section then tap on "Cryptocurrency!" You will be added to the queue! ?

— Revolut (@RevolutApp) May 18, 2018

Finally, the company announced its plans to launch support in Australia in the near future.

Aiming for the next few months???

— Revolut (@RevolutApp) May 19, 2018

Revolut’s mobile banking and crypto app has burst onto the scene, offering an alternative to traditional ways of moving money.

The app lets users link to a bank account so they can buy, hold and exchange Bitcoin, Litecoin and Ethereum. You can then convert the crypto to 25 fiat currencies, and spend it using prepaid debit cards from Mastercard and Visa.

Revolut also features free international money transfers and the ability to spend money around the world at the interbank exchange rate without extra fees.

The London-based company was created in 2015 and quickly achieved rock star status, with a current valuation of about $1.7 billion.