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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

Revolut app

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.

Picture of CoinDesk author Jaspreet Kalra

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