Trust Wallet, the self-custodial crypto pockets owned by Binance co-founder Changpeng “CZ” Zhao, has partnered with European fintech unicorn and digital banking large Revolut to introduce a brand new approach to buy crypto property on its platform.
Trust Wallet customers can now purchase Bitcoin (BTC), Ether (ETH) and Solana (SOL) with Revolut by way of a direct integration, the corporate announced on Thursday.
With a minimal buy beginning at 10 euros ($12) and capped at 23,000 euros ($26,950) every day and per transaction, Trust Wallet’s new purchase possibility is predicted to supply a sooner and simpler approach to entry crypto from Europe.
In October, Revolut scored regulatory approval from the Cyprus Securities and Alternate Fee to supply crypto providers throughout 30 European Financial Space markets in compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework.
Stablecoins like USDC not supported, for now
The combination will initially help solely three crypto property, however the firms stated they anticipate so as to add stablecoins comparable to Circle’s USDC (USDC) at a later stage.
The characteristic permits zero-fee crypto purchases utilizing a number of fiat currencies supported by Revolut, together with the euro, the British pound, in addition to the Czech koruna, Danish Krone, Polish Złoty and others.
Whereas Revolut–Trust Wallet crypto purchases are supplied with zero charges, including cash to a Revolut account will not be freed from cost in lots of circumstances, together with by way of financial institution transfers, card top-ups and money deposits. Money deposits are topic to a 1.5% payment and are restricted to $3,000 per calendar month, according to Revolut’s FAQs.
Associated: Crypto self-custody is a fundamental right, says SEC’s Hester Peirce
The combination got here shortly after Revolut secured a $75 billion company valuation after finishing a non-public share sale in late November. “This makes us Europe’s most respected personal firm and within the high 10 of the world’s most respected personal firms,” Revolut said in a put up on X.
CZ-backed Trust Wallet has been actively tapping into trending market sectors, together with prediction markets and real-world asset tokenization, increasing entry to those choices for self-custody customers.
Cointelegraph contacted Revolut and Trust Wallet for touch upon the mixing, however had not obtained a response by publication.
