Online bank Revolut has announced it is collaborating with hardware wallet firm, Ledger, in a bid to help customers use the app to access the crypto ecosystem in Europe.
The partnership, announced on August 14, aims to allow Ledger customers to buy cryptocurrencies using their Revolut accounts or cards in specific European Economic Area (EEA) countries.
We're excited to announce that @RevolutApp is now available as a buy provider through Ledger Live!
With your Revolut account or card, you can now buy your crypto and have it instantly secured with your Ledger wallet.
Read more at: https://t.co/0YFvrnm6yU pic.twitter.com/BUsqbPPsTA
— Ledger (@Ledger) August 14, 2024
Revolut is set to become an official buy provider for Ledger’s crypto wallet app, Ledger Live, across 27 countries such as Bulgaria, the Czech Republic, Denmark, Ireland, Latvia, Malta, Switzerland, and more.
The London-based company was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko as a solution to traditionally expensive overseas spending partly caused by hidden charges.
Our 2023 Annual Report is here! (Thread) 🧵
1. Thanks to your trust and support, Revolut is the most downloaded finance app in the UK and Europe 🚀 pic.twitter.com/wlQ9dgibOH
— Revolut (@RevolutApp) July 2, 2024
With the changes, existing Revolut customers who have completed integrated Know Your Customer (KYC) checks will be able to skip verification and checkout right away and buy crypto in seconds.
In a joint statement, Ledger CEO Pascal Gauthier said: “Together, Ledger and Revolut are expanding people’s access to crypto and creating a new on-ramp for users.
“As a result, more people will have an easy and seamless introduction to the world of digital assets, Web3, and — crucially — self-custody.
“With more people wanting to participate in the digital asset economy, self-custody will naturally become the focal point as they look to leverage the benefits of crypto,” they continued.
Emil Urmanshin, Crypto General Manager at Revolut added: “This partnership is the next step in our mission to help people onboard to Web3 securely and seamlessly.
“We’re delighted to be working with Ledger, a leader in the self-custody space, as we further cement Revolut as the go-to financial app for crypto investors.”
How to buy crypto using Ledger Live app via Revolut
The companies issued a step-by-step guide to buying crypto through the Ledger Live app using Revolut:
- Open your Ledger Live app
- Navigate to the “Buy” section on the main dashboard
- Select your desired cryptocurrency and specify the amount
- Choose Revolut from the available payment options
Featured image: Ideogram
