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Digital Bank Revolut Taps Fireblocks to Support New Crypto-Based Services
Announced Thursday, Revolut will use Fireblocks’ platform to offer new cryptocurrency services for its retail customers
Updated Sep 14, 2021, 10:06 a.m. Published Oct 8, 2020, 7:05 p.m.
U.K. based fintech bank Revolut has partnered with Fireblocks, a digital asset transaction and storage platform, to provide a secure payments infrastructure for the digital bank’s new cryptocurrency services.
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Announced Thursday, Revolut will use Fireblocks’ wallet and network infrastructure when it offers new crypto services for its 13 million global retail customers.
- The firm did not share any details on what its new crypto products will be.
- However, its statement said using Fireblocks’ crypto management solution would help Revolut streamline liquidity settlements and help guarantee the best price to customers, while also reducing counterparty risk.
- Fireblocks uses a patented multi-party computational (MPC) technology for its wallet, and said that so far it has helped with the transfer of $70 billion worth of digital assets.
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