Fintech giant Revolut and Binance-owned Trust Wallet announced Thursday that they are teaming up to make crypto purchases faster and easier for European users without giving up control of their assets.
The two companies are launching an integration that lets Trust Wallet users buy crypto using RevolutPay, debit or credit cards, and bank transfers, according to a press release shared with CoinDesk.
Users in the EU can fund their wallets instantly and in some cases without fees. The press release said that unlike many other fintech-to-crypto offerings, users never need to deposit their funds into a centralized exchange.
The cryptocurrencies go directly into their Trust Wallet, a self-care app that was used by more than 220 million people, according to the release.
This partnership comes as Revolut accelerates its push into crypto. The London-based fintech reached a $75 billion valuation last month in a secondary stock sale backed by firms including Coatue, Fidelity and NVIDIA’s NVentures. It also secured a MiCA license via Cyprus, giving it regulatory approval to offer crypto services across the European Economic Area.
The company reported $4 billion in revenue and $1.4 billion in pretax profit for 2024 and has been expanding globally with new banking licenses in Mexico and Colombia. In November, Revolut also began working with Polygon Labs to enable crypto transfers in USDC, USDT and POL via the Polygon blockchain.
The initial rollout of the partnership with Trust Wallet supports bitcoin, ether, solana, USDC and USDT. More assets are expected to be added down the road.
