Revolut Moves Forward With UK Bank Launch as License Limits Are Removed
The popular crypto-friendly digital bank Revolut announced today that it will be launching its UK bank.
According to the firm’s official statement, the Prudential Regulation Authority (PRA) has decided to lift the restrictions on Revolut’s banking license.
With that out of the way, the launch of the local bank comes with an already existing user base of more than 13 million UK customers. Moreover, it follows the firm’s recent commitment to invest as much as $4 billion and create at least 1,000 high-skilled jobs in the country.
Speaking on the matter was the co-founder and CEO of Revolut, who said:
According to the announcement, the rollout will be gradual, starting in a few days with a small group of existing customers and expanding over the coming weeks.
The post Revolut Moves Forward With UK Bank Launch as License Limits Are Removed appeared first on CryptoPotato.
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