$TWT 🛡 Revolut and Trust Wallet include turbo ramp in the EU – CoinDesk
📲 Revolut and Binance-owned Trust Wallet launched integration.
It allows EU residents to buy cryptocurrency and receive it immediately in their non-custodial Trust Wallet.
💰 Purchase — via RevolutPay, bank cards, and transfers.
In some cases, fees on the on-ramp are waived.
❗️ Important nuance: money does not hang on the centralized exchange — it immediately flies to the user's wallet.
This closes the typical risk of CEX (bans, freezes, local regulators) and makes self-custody available with a 'single tap' for clients of the fintech giant.
🪙 At launch, BTC, ETH, SOL, USDC, and USDT are supported, with other assets to be added later.
The partnership unfolds against the backdrop of aggressive crypto-scaling by Revolut: MiCA license in the EU, expansion of Revolut X throughout the EEA, revenue of $4 billion and pre-tax profit of $1.4 billion for 2024 — this is no longer a test, but a full-fledged entry into the Web3 infrastructure.
AR's opinion: This is a quiet but powerful step towards the mass adoption of self-custody. Banks and fintechs are turning into fiat ramps, not 'crypto custodians', and such integrations embed bitcoin, ethereum, and stablecoins directly into everyday EU finances. For the market, this means one thing: the easier the path from 'euro → your wallet', the stronger the demand for base assets becomes, and the less significance individual exchanges have in the ecosystem.$TWT
