Digital Bank Revolut to Allow Customers to Make Purchases With Crypto Balances

Digital banking firm Revolut is adding a crypto spending feature that will enable customers to use their crypto balance to pay for everyday purchases using their Revolut card.

The service will be available starting on Nov. 1, and for a limited time, customers will also be able to earn 1% cash back on all their crypto balance spend for a limited time, according to a company notice.

Revolut's new feature comes after the U.K.-based firm won registration from the United Kingdom's Financial Conduct Authority to offer crypto services in the U.K. following a lengthy wait.

Revolut offers in-app trading of more than 30 currencies for its more than 20 million personal users, according to its website.

Read more: UK Shuts Down Temporary Crypto Company Licensing Program