Aussies Can Do Crypto Trading With Revolut App Now!
Australia is one of the most sought-after names in the world, which is embracing Cryptocurrency trading at a larger ground
Cryptocurrency has channelized a wave in the market that is helping different businesses to gain recognition and earn huge revenue. And in this race, different nations are trying their hands, and growing as well, just like Australia. Today Australians love to invest and trade in the crypto and this helps them to pay for anything from your daily coffee order to getting their teeth checked with bitcoins.
Yes, Australia is one of the most sought-after names in the world, which is embracing Cryptocurrency trading at a larger ground. If you wonder how this is proven further, then the revolutionary crypt exchange app Revolut and its growing popularity you must check out.
To help you understand that what is this app and what it has got to offer, then you must read this post ahead.
What is Revolut?
Well, Revolut is not a new app in the market but has already created a stir in the European market, and now is on the verge to mesmerize Australians. It has opened a gateway to Aussies to do crypto trading services.
Eventually, it is a U.K.-based money app Revolut, that was announced on Sept. 3. It enables millions of Australian customers to buy, sell, and hold crypto assets. Also, it gives users an option to convert their fiat into Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), XRP, and Stellar (XLM).
How does this app work?
Revolut offers a ‘Metal plan,’ allowing customers to transfer digital assets to other users. Further, it provides the option to round up credit card payments to the near dollar, enabling users to use spare change to buy crypto. The app further has the feature of standard and premium customers, who get access to Revolut’s crypto trading features.
Revolut Australia CEO Matt Baxby stated, “Buying and selling cryptocurrencies can be incredibly complicated and confusing for the uninitiated, which means many Australians don't know how to access cryptocurrency as an investment option.”
Will it be successful?
To your surprise, the app was launched officially in August 2020, with a range of more traditional financial services, and app had 30,000 people on the app’s waitlist and today it is reported that 25,000 Australians are using the beta version. On the other hand, in Europe, Revolut has received more than 1 million users on its crypto exchange, with roughly 6,000 new crypto accounts added daily.
On the other hand, as mentioned by Edward Cooper, Head of Crypto at Revolut, “By making cryptocurrencies easier to access for everyone, we’re trying to do what the internet browser did for the internet.”
Future of Cryptocurrency in Australia
Australia is a growing hub of the crypto world. Also as stated by the analytics site CryptoCompare, the Australian dollar (AUD) is today ranked 17th globally for Bitcoin (BTC) volume by currency and had a 24-hour trading volume of 528 BTC or $6 million at the time of writing.
At the same time, Australia has attracted the attention of some of the world’s largest exchanges. This creates a promising future for the Australians to make a revolutionary change in this trending technology space.
The Crypto market is booming and this growth is really going to help different business sectors in the coming years as well. Henceforth, it is a very prudent idea to invest in this technology, and seize the opportunities your business is yet to receive through the hands of trending technology. Here a team of mobile app developers in Australia from Techugo can help you win the obstacles and flourish out of bounds.