Crypto App Revolut Confirms Mastercard on Board for 2019 US Expansion
The banking app will begin serving U.S. customers before the beginning of next year, it says.
Mastercard joins Visa support for Revolut
United Kingdom-based Revolut has offered consumers both Visa and Mastercard spending since its launch in 2015.
Unlike its fiat product, however, the crypto exchange facility is not backed by the U.K.’s finance regulator.
U.S. market “huge milestone”
It remains unclear whether Revolut will launch with the same cryptocurrency support as in its European market. Along with the U.S., executives plan to broaden the service’s reach to the Asia Pacific and South American markets.
“Launching in the U.S. will be a huge milestone for us, and we are delighted Mastercard will be our go-to-market partner,” founder and CEO, Nik Storonsky, commented in the press release.