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Revolut Raises $500 Million As It Plans US Expansion To Compete With CashApp

The company is already one of Europe’s largest fintech establishments and has high utility there. It is also pro-crypto as it gives its customers access to five digital assets including Bitcoin (BTC), Ethereum (ETH), XRP, Litecoin (LTC) and Bitcoin Cash (BCH). Customers can easily exchange any of these assets to any of the 29 supported fiat currencies. With the new funding, Revolut now plans to expand to all 50 states in the U.S.

Dan also spoke in favour of tokens that are backed by an asset. He believes they are more attractive to investors who want to limit risk as much as possible. According to him:

“It’s easy to buy stocks or bonds, even cryptocurrency, but for an unsophisticated investor to gain exposure to commodities is almost impossible. So, if there was a token pegged to diamonds or gold, this could be very appealing.”

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