TL;DR:

• ‘Revolut Ramp’ will facilitate the purchase of multiple cryptocurrency assets directly into users’ MetaMask wallets.
• Revolut uses an integrated KYC process allowing completely friction-free purchase for Revolut users and which ‘non-Revolut customers can complete in just a few minutes’.
• Revolut’s 40 million worldwide users, alongside MetaMask’s sizeable userbase, add gravitas to the announcement.

"By teaming up with Revolut, we're making crypto more approachable and less complicated. This partnership is really about giving our users what they want… more control over their crypto” said Lorenzo Santos, Senior Product Manager at MetaMask-developer, Consensys.

According to a release shared with BSCN ahead of time, neobanking giant, Revolut, will leverage its fresh crypto-payments platform, Revolut Ramp, to facilitate direct purchase of 20+ tokens into MetaMask users’ self-custody wallets.

MetaMask currently supports 40+ payment methods in some 177 countries and will act as the official launch partner to ‘Revolut Ramp’.

To begin with, the service will be offered to users in the UK and European Economic Area (EAA), who will have access to more than 20 different tokens, including ETH, USDC, USDT, SHIB, and 1INCH. 

Revolut currently boasts some 40 million users worldwide and, combined with MetaMask’s unrivaled MAU, the partnership could serve to onboard countless new users to the blockchain industry.

“We are excited to announce our new crypto product Revolut Ramp, a leading on-ramp solution for the web3 ecosystem… We are delighted to partner with a leader in the web3 space” said Mazen Eljundi, Global Business Head of Crypto at Revolut.

Revolut Ramp and Why it Matters…

Revolut Ramp is the UK-based neobanking giant’s all-new fiat/cryptocurrency on-ramp that will join MetaMask’s existing host of on-ramp solutions.

The solution allows existing Revolut customers to use their fiat currency balances, as well as Mastercard or Visa cards, to buy digital assets in a matter of seconds.

What’s more, Revolut users will be able to entirely bypass further verification checks as Revolut Ramp can rely on existing verification from the Revolut application itself. However, the solution also features an integrated Know Your Customer (KYC) process which non-Revolut users can complete in just a few minutes.

About Revolut 

Revolut is a global fintech, helping people get more from their money. In 2015, Revolut launched in the UK offering money transfer and exchange. Today, more than 40 million customers around the world use dozens of Revolut’s innovative products to make more than half a billion transactions a month.

Across our personal and business accounts, we give customers more control over their finances and connect people seamlessly across the world. www.revolut.com 

About MetaMask 

MetaMask is the world’s leading self-custody web3 platform, developed by Consensys. MetaMask is the most beloved and trusted way a global user base relies on to mint and collect NFTs, join DAOs, play games and participate in DeFi protocols. 

About Consensys 

Consensys is the leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. Through our product suite, including the MetaMask platform, Infura, Linea, Diligence, and our NFT platform, we have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see. Whether building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and champions the builder instinct in everyone by making web3 universally easy to use and develop on. To explore our products and solutions, visit https://consensys.io/.