Revolut and Trust Wallet launched instant cryptocurrency purchases in the EU. Details reported by #Coindesk.
#Revolut continues aggressive expansion of crypto products - and now in partnership with TOP crypto wallet Trust Wallet launches instant cryptocurrency purchases in the EU with direct asset transfer to self-custodial wallet.
Key:
- Purchase BTC, ETH, SOL, USDC, and USDT directly in Trust Wallet through #RevolutPay, debit/credit cards, and bank transfers.
- In some cases - zero commissions.
- Without centralized exchanges: assets are immediately transferred to the user's personal wallet, without storage by intermediaries.
- Trust Wallet is one of the largest non-custodial applications - it is already used by more than 220 million users.
It is characteristic that fintech companies usually operate through custodial solutions and exchanges. Here, however, the assets are controlled by the user from the very first second. This is a strong shift towards the Web3 ownership model.
Revolut strengthens its presence in the crypto market after obtaining a MiCA license. Using the license, the company gained the right to provide crypto services throughout the EEA. Integration with Trust Wallet is the first step towards a full-fledged infrastructure.
All of this is a strategy of global expansionism. Revolut was recently valued at $75 billion, the company showed $4 billion in revenue and $1.4 billion in profit for 2024, obtained banking licenses in Mexico and Colombia, and also launched crypto remittances (money transfers using cryptocurrency, usually between countries) on Polygon.
Next, in partnership with Revolut and Trust Wallet, an expansion of the list of available crypto assets and deep integration of Revolut with Web3 wallets is expected. In fact, this is the first major bridge between traditional fintech and self-custody infrastructure without the involvement of centralized exchanges.
By the way, the Trust Wallet token, #TWT, is again discounted today - the price is below $1. And after the rise in September-October, the price has returned to test the EMA 50 of the monthly timeframe. At the same time, on the weekly timeframe, the asset already has its second potential low mark. And despite the correction for two months, it still maintains a stable uptrend according to our indicator on the weekly timeframe. There are potential low marks for the asset on the 3-day timeframe as well. However, there the price has fallen into a steady downtrend according to our indicator, and the targets of $0.8442 and $0.7003 have not yet been worked out. If the price is not brought down there this week and next week - there are good chances that such discounts during the current decline will not be seen again. And I would really not want that.
So far, there is a breakout and retest of the breakout of the trend resistance from the high of October 8.
