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Revolut brings Solana payments to 65 million users globally
Revolut, a digital banking app, has officially added native Solana (SOL) support, allowing its users to make payments with, transfer, and even stake SOL within the app.
Until now, Revolut had limited Solana support to trading and investment products, but the latest update, announced on December 3, offers greater flexibility.
In addition to the above-mentioned Features, users can now explore peer-to-peer (P2P) payments and withdrawals, as well as send, receive, and pay over the Solana network using not only its native token but also Tether (USDT) and USD Coin (USDC).
FeaturesAlready integrated with Cash App, Venmo, and Western Union, Solana is now leaving an even bigger footprint in global financial technology (Fintech)
BIG NEWS: @Revolut, Europe’s #1 neobank with 65 million+ users and 15 million crypto accounts, now supports Solana payments, transfers, and staking pic.twitter.com/XFYCj70SfX
What native Solana support means for Revolut users
One of the most widely used payment apps in Europe, Revolut has been quite slow when it comes to crypto network integration compared to some of its competitors
Until now, users have had access to a limited variety of chains, including Bitcoin (BTC), Ethereum (ETH), and Ripple.
Accordingly, the new SOL updates mark an important step, effectively turning Revolut into a Solana “on-ramp” potentially accessible to some 65 million users, who are now waiting to see whether next week’s Breakpoint 2025 event in Abu Dhabi is going to bring further updates
Featured image via Shutterstock
Featured image via ShutterstockFeatured image via Shutterstock