Trust Wallet taps Revolut for crypto purchases in Europe

Trust Wallet, the self-custodial crypto wallet owned by Binance co-founder Changpeng “CZ” Zhao, has partnered with European fintech unicorn and integer banking elephantine Revolut to present a caller mode to acquisition crypto assets connected its platform.

Trust Wallet users tin present bargain Bitcoin (BTC), Ether (ETH) and Solana (SOL) with Revolut done a nonstop integration, the institution announced connected Thursday.

With a minimum acquisition starting astatine 10 euros ($12) and capped astatine 23,000 euros ($26,950) regular and per transaction, Trust Wallet’s caller bargain enactment is expected to supply a faster and easier mode to entree crypto from Europe.

In October, Revolut scored regulatory approval from the Cyprus Securities and Exchange Commission to connection crypto services crossed 30 European Economic Area markets successful compliance with the European Union’s Markets successful Crypto-Assets Regulation (MiCA) framework.

Stablecoins similar USDC not supported, for now

The integration volition initially enactment lone 3 crypto assets, but the companies said they expect to adhd stablecoins specified arsenic Circle’s USDC (USDC) astatine a aboriginal stage.

The diagnostic enables zero-fee crypto purchases utilizing aggregate fiat currencies supported by Revolut, including the euro, the British pound, arsenic good arsenic the Czech koruna, Danish Krone, Polish Złoty and others.

Source: Trust Wallet

While Revolut–Trust Wallet crypto purchases are offered with zero fees, adding wealth to a Revolut relationship is not escaped of complaint successful galore cases, including via slope transfers, paper top-ups and currency deposits. Cash deposits are taxable to a 1.5% interest and are constricted to $3,000 per calendar month, according to Revolut’s FAQs.

Related: Crypto self-custody is simply a cardinal right, says SEC’s Hester Peirce

The integration came soon aft Revolut secured a $75 cardinal institution valuation aft completing a backstage stock merchantability successful precocious November. “This makes america Europe’s astir invaluable backstage institution and successful the apical 10 of the world’s astir invaluable backstage companies,” Revolut said successful a station connected X.

CZ-backed Trust Wallet has been actively tapping into trending marketplace sectors, including prediction markets and real-world plus tokenization, expanding entree to these offerings for self-custody users.

Cointelegraph contacted Revolut and Trust Wallet for remark connected the integration, but had not received a effect by publication.