Digital Bank Revolut to Allow Customers to Make Purchases With Crypto Balances

The fintech firm recently won registration from the U.K.'s financial regulator to offer crypto services.

AccessTimeIconOct 27, 2022 at 5:48 p.m. UTC
Updated May 9, 2023 at 4:00 a.m. UTC

Digital banking firm Revolut is adding a crypto spending feature that will enable customers to use their crypto balance to pay for everyday purchases using their Revolut card.

The service will be available starting on Nov. 1, and for a limited time, customers will also be able to earn 1% cash back on all their crypto balance spent, according to a company notice.

Revolut's new feature comes after the U.K.-based firm won registration from that country's Financial Conduct Authority to offer crypto services in the U.K. following a lengthy wait to gain approval.

The platform offers in-app trading of more than 30 digital currencies for its more than 20 million personal users, according to its website.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Author placeholder image

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.