United Kingdom-based digital bank,Revolut, offering cryptocurrency cash back



Revolut Metal is the latest offering from the United Kingdom-based digital bank, Revolut. It claims to come back cryptocurrency cash back on purchases, higher withdrawal limits, and even a personal concierge service. Offered at first to its 10,000 strong premium clients, Revolut intends to open the card to everybody in order to satisfy demand.

Revolut Metal Offers Crypto cash Back

“Wow,” Revolut’s company blog began in a post revealed on Thursday, “the response to the launch of Revolut Metal has been off the charts and we’re therefore happy that you’re as excited regarding it as we are.”

Revolut Metal is the UK digital bank’s premium service offering, rolled out initially to its existing premium clientele. They “only had 10,000 cards up for grabs yesterday, and whereas we reserved this first batch for our existing Premium customers, the remainder of you'll get the chance to bag a Metal Card shortly,” the company explained.

Exclusivity comes with a value, however: £12.99 or £120 annually. The card, literally metallic in color and texture, will kick back cryptocurrency on purchases, supply concierge service, higher ATM withdrawal limits around the world, and even travel insurance.

Soon, Commission-Less trading

The notoriously ambitious financial technology company is basically European centric, with over two million users. It has the distinction of being among the UK’s first digital banks, and one of the only startups in the industry to actually turn a profit. Until its Metal card providing, premium services were £6.99 per month, and very popular. In April, Revolut gobbled up a quarter of a billion dollars in venture capital ahead of its plan to enter markets in Asia and the united states as a commission-less trading platform to compete with the likes of Robinhood.

CEO Nikolay Storonsky assured, “We are completely convinced that Revolut Metal will be the exclusive card of the future, and an absolute must for travelers worldwide. The launch of Revolut Metal furtherly} a vital step towards the company generating additional revenue, particularly as we prepare to launch a commission-free trading platform and expand the business into North America and Asia later this year.”

Cash back for its Metal card begins at 0.1% for European transactions, at 1 chronicles outside Europe, and may be paid in one of 25 fiat currencies or 5 cryptocurrencies offered by Revolut. Company N26 was earlier to the metal/premium niche market, and its N26 Metal is slightly costlier per month whereas offering exclusive discounts and the requisite concierge service.

The Revolut Metal card is contactless, and weighs regarding three times that of a standard card. It reportedly is so made from steel, complete with paint chips layering, and also the user’s card info precision laser etched.

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