Based on the underlying technology of each token, the UK-based digital banking provider #Revolut has categorized over 100 different tokens.

The Revolut app currently offers over 100 tokens, and this new tool groups them into series based on a variety of technical underpinnings, such as NFTs, metaverses, or games.

Customers will have the option of purchasing the entire series and distributing their investment equally among all tokens, or they can keep track of the entire series. Sources claim that "Crypto Collections" enables users to discover new tokens based on the #technology used in them and discover more about the protocols that underpin them.

#crypto collections include Metaverse, NFTs, Layer 1, and DeFi, for instance. A client may also monitor the collection as a whole using an aggregated view.

Instead than being forced to pick just one currency, users will be able to select areas of interest and spread their assets across a number of different currencies using "Crypto Collections." Currently, all Revolut plans have access to the functionality for a token fee of £1 for ordinary customers.

Collections builds on its cryptocurrency education program "Learn and Earn," which started last July and has already had one million users finish the short courses, encouraging users to learn about the technology underpinning each token and make investments based on knowledge rather than excitement.

Executives from the startup claim that Collections enables users to discover new tokens based on the underlying technology and discover more about the goals of the protocol underlying the token.

Narmin Ibadullayeva, Product Owner for Crypto at Revolut, said:

”With Collections, users can discover new tokens based on the underlying technology and understand more about what the protocol behind the token does. It also allows users to select the areas they are interested in and spread their investment over a number of tokens, instead of having to pick individual tokens.”

In March 2023, the digital banking app unveiled a new crypto-learning program to help increase the accessibility of digital assets. Two lessons make up the new course, which is called "Polkadot Bonus."

One month after Revolut announced the launch of crypto staking on DOT, XTZ, ADA, and ETH crypto assets, users who finished the initial set of courses will now be taught the nuances of staking.

Revolut started allowing #cryptocurrency payments on its cards in November as part of its service for customers in the UK and Switzerland.

This news is republished from https://coinaquarium.io/

CryptosHeadlines.com - The Leading Crypto Research Network:

Major players in the cryptocurrency markets are feeling the impact of regulatory pressure in the US, with Revolut being the latest to face challenges.

The lack of clear regulations in the US regarding cryptocurrencies has led to strict measures and sanctions within the industry. As a result, companies are being cautious and taking careful steps to avoid risks in this uncertain regulatory environment.

Revolut to End Crypto Services

Fintech company Revolut has decided to stop offering crypto services to users in the United States. They mentioned the difficult regulatory situation in the country as the reason for this decision.

Revolut informed its US customers through an email that they can no longer make crypto purchases. Users will have until October 2nd to place sell orders, and from October 3rd, the entire crypto section of the company will be closed. This means that users won’t be able to buy, sell, or hold any cryptocurrencies through Revolut.

A Revolut spokesperson explained that they made a tough decision to suspend access to cryptocurrencies in the US. The reason behind this move is the changing regulatory environment and uncertainties surrounding the cryptocurrency market in the country.

The suspension applies not only to Revolut but also to their banking partner, Metropolitan Commercial Bank, in the US.

Are Cryptocurrencies Expected to Decline?

The decision made by Revolut’s spokesperson won’t affect users outside the US and will only impact less than 1% of their global crypto customers. Customers in other markets can still access crypto services without any changes.

This decision comes after the SEC declared Polygon (MATIC), Solana (SOL), and Cardano (ADA) as unregistered securities in the US. US users of Revolut holding these tokens were required to sell them before September 18th, and the tokens will be delisted on that date.

Revolut’s US users who don’t sell their crypto assets before October 2nd will have their remaining balance liquidated on October 3rd. They will receive cash payments at the market price for each token.

Many US-based crypto companies, such as Coinbase and Ripple, are seeking new homes due to concerns about increasing regulatory pressure. Some politicians argue that the strict stance is hurting innovation. The exit of companies like Revolut contrasts with others, like BlackRock, diving into the crypto space, creating an interesting contradiction.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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