Revolut, one of the largest FinTech companies in Europe, is expanding its offering with Fireblocks, a platform for securing digital assets. 13 million customers have the opportunity to use comprehensive financial services in the field of digital asset management
The FinTech products from Revolution range from equity and crypto trading to daily budget management. 13 million customers worldwide use Revolut and carry out 100 million transactions per month. In order to continue to grow, security is vital for the FinTech company.
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For this reason, the FinTech start-up is cooperating with Fireblocks, a company that specializes in developing a secure infrastructure for moving, storing and issuing digital assets.
Accordingly, the Fireblock network and the so-called „Multi Party Computation“ (MPC) wallet Revolut can make additional product offerings in the crypto sector and also in the traditional area of banking services accessible. Ed Cooper, head of the crypto department at Revoult , said in this regard as follows:
Moving to Fireblock’s wallet infrastructure gives us a competitive advantage as we will be able to react faster to new crypto trends
The FinTech company already reacted during the Corona crisis . Millions of customers were given the opportunity to trade Bitcoin and Gold using the startup’s banking app.
Demand for FinTech apps in the crypto sector is increasing
In recent years, more and more people around the world are using FinTech apps. Michael Shaulov, CEO of Fireblocks sees a lot of potential, especially in the crypto market:
We have seen tremendous demand for FinTech apps that enable customers to trade in the crypto market. Fireblocks is looking forward to helping Revolut adapt cryptocurrencies.
By reducing complexity and lowering costs, Revolut challenges the traditional banking system.