Revolut launches business offering in Australia, seeks banking license

05/18 06:40

According to Cointelegraph, crypto-friendly fintech firm Revolut has launched international payments-focused business accounts for clients in Australia, as it reportedly works to secure a banking license down under. The London-based firm offers a range of fiat payment services for clients in Europe and Australia. It also offers crypto services, including the buying and selling of a number of crypto assets including Bitcoin (BTC), Ripple (XRP) and Ether (ETH). In certain regions, it also provides access to crypto-staking. The multi-currency business accounts kicked off this week, with Revolut enabling users to conduct up to 75,000 AUD ($49,950) worth of foreign currency exchange per month. The accounts come with physical and digital cards, real-time spending reports, and allow multiple users to manage them.
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