Revolut, a leading global fintech, has moved into the Prudential Regulation Authority’s ‘mobilisation’ stage after receiving its UK banking license with restrictions. This crucial development paves the way for Revolut to enhance its banking operations in the UK, where it serves over nine million customers. During this phase, UK customers will see no changes in their current e-money accounts.

Nik Storonsky, CEO of Revolut, expressed immense pride in this achievement, emphasizing the company’s commitment to becoming the UK’s preferred banking service. Storonsky highlighted the strategic expansion of services, including a robust cryptocurrency exchange, demonstrating Revolut’s pioneering approach in the fintech space.

This advancement not only solidifies Revolut’s position as a powerhouse in financial technology but also signals a promising horizon for crypto services in mainstream banking, underscoring its potential to reshape financial transactions globally.

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