✌️ Revolut in motion: currency exchange for Asian markets is here! ❗ Plus Exciting updates for Europe

✌️ Revolut in motion: currency exchange for Asian markets is here! ❗ Plus Exciting updates for Europe

Revolut has launched 5 new currency wallets, including the Chinese yuan (CNY), Vietnamese dong (VND), Moroccan dirham (MAD), Icelandic krona (ISK), and Serbian dinar (RSD).

➡️ Revolut users can now store a total of 39 different currencies in dedicated accounts and exchange them at competitive rates.

➡️ Stop and limit orders for automatic exchanges in the new wallets remove the need for constant manual oversight.

➡️ And keeping up with the competition, Revolut is entering the European rewards-based credit card market, a segment long dominated by American Express.

➡️ This new product is powered by Revolut's own RevPoints system and has potential in the premium card segment. Users can earn points even when spending with debit cards, and redeem them for gift cards from major brands (like Apple and Amazon) or 1:1 with select airline mile programs.

➡️ Pro tip: After Schroders Capital Global Innovation Trust increased its stake to 85%, Revolut’s valuation hit $48 billion. Investors are now pushing for another secondary sale, which could raise the company's valuation to $60 billiondue to strong demand.

➡️ Big plans: rollout of ATMs in Spain 🇪🇸 featuring AI and facial recognition, and digital mortgage offeringsstarting in Lithuania 🇱🇹, with expansion into Ireland 🇮🇪 and France 🇫🇷.

#news #Europe #Asia

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