Digital banking platform Revolut is working on expanding into decentralized cryptocurrency wallets and is also looking at the mortgage sector.
Revolut, which currently offers payments services, crypto trading, savings accounts and stock trading, is focused in the short term on expanding its remittance offerings and launching a buy now, pay later product, according to Reuters.
But the financial technology company has more to do to become a one-stop shop fo financial services.
„For example … decentralized wallets, and enabling deposits, withdrawals of crypto (and) staking, lending – that’s another piece that we’re missing and we’re working on,” said CEO Nik Storonsky.
He added that it’s also important for the company to consider expanding into mortgages, since home loans „are quite an important part of consumer financial life”.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
