Revolut Partners with MetaMask to Simplify Crypto Transactions

Revolut has teamed up with self-custodial wallet MetaMask to introduce Revolut Ramp, a feature enabling users to replenish their MetaMask wallets directly from their Revolut accounts. This collaboration aims to streamline the process of adding crypto to self-custody wallets, initially available in the U.K. and the European Economic Area (EEA).

With Revolut Ramp, users can fund their MetaMask wallets using their fiat currency balance in their Revolut accounts or opt to pay via Visa or Mastercard cards. The integration seeks to provide users with greater control over their cryptocurrency assets through familiar and trusted platforms, enhancing accessibility and usability.

Lorenzo Santos, Senior Product Manager at Consensys, the developer behind MetaMask, highlighted the partnership’s focus on meeting users’ demands for straightforward crypto management. “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,” Santos remarked. He emphasised the pivotal role of such collaborations in driving broader adoption of cryptocurrencies, making the crypto world accessible to a wider audience.

Revolut’s move aligns with its commitment to expanding its cryptocurrency offerings. In February, the digital bank revealed plans to introduce a cryptocurrency targeting “advanced traders,” as disclosed in a customer email obtained by CoinDesk. While Revolut currently provides basic crypto services to millions of its customers, the company suspended crypto services for business clients in the U.K. in December. This decision was attributed to new regulations implemented by the Financial Conduct Authority (FCA) governing crypto promotions.

Despite regulatory challenges, Revolut continues to innovate in the crypto space, leveraging partnerships like the one with MetaMask to enhance the accessibility and utility of cryptocurrencies for its user base.