- The banking software provider decided to integrate with Taurus to provide its customers with access to crypto services.
- The more than 3,000 Temenos institutional clients will now be able to use services such as tokenization, staking, DeFi, trading and custody of crypto.
- The collaboration between the payment service provider and Coinme will allow U.S. customers to buy and sell Bitcoin at 12,000 locations across the country.
- While initially targeting U.S. customers, the new service will also be available at "select international markets" by the end of the year.
- Elliptic will provide Revolut with an automatic compliance solution that meets FCA requirements.
- Revolut Metal customers in the U.K. will be able to withdraw their cryptocurrencies, with the service set to roll out globally in the future.
- Citigroup put crypto under consideration after it saw an increase in its clients interest for Bitcoin around August 2020.
- The company said it was not going to rush the launch of the service until it was confident it could build "something that benefits clients and that regulators can support".
- The new crypto withdrawal service is still in beta, and is limited to only U.K.-based customers with Revolut Metal accounts and Bitcoin withdrawals.
- Once the beta is finished, Revolut is likely to roll out the service to more jurisdictions, and support more digital assets.
- PayPal recorded a net profit of $1.10 billion in Q1 2021.
- CEO David Schulman said its crypto efforts have been hugely successful and that PayPal will roll out a digital wallet in Q3 2021.
- The firms have claimed "hundreds" of banks have signed up for the new program, though most of them smaller financial institutions.
- The solution will allow banks to offer Bitcoin trading to their customers directly from their existing accounts.
- Four in ten MasterCard users said they plan to use cryptocurrencies in the next year, while 77% said they would like to know more about the asset class.
- The survey is expected to encourage businesses to expand their payment options.