Revolut strikes hard: EURR, crypto and banking prepare to disrupt global finance!

Revolut no longer just integrates cryptocurrencies into its banking app. With the launch of EURR, the development of Revolut X, and its new regulatory approaches, the fintech is building a much broader crypto offering. Maxim Krasnov, founder of Construct.tech, analyzes this evolution as a rapprochement between banking and digital assets. His analysis notably highlights the role of Bridge, a company owned by Stripe, in the issuance of the stablecoin. This strategy now extends to several markets and various uses.

In brief

Revolut transforms EURR into a bridge between banking and blockchain

Revolut has launched EURR as its first euro-backed stablecoin. The fintech announced in a statement the gradual rollout of this token to eligible customers in Denmark, Poland, and Portugal. The launch takes place on Ethereum and is intended to enable value transfer between fiat currency, crypto, and external wallets. Revolut also plans to gradually extend EURR availability to other markets.