Revolut Amps Up Retail Features For Shopping, Cryptocurrencies

U.K.-based FinTech Revolut is on a roll. Last week, it debuted a service that allows transactions using bitcoin. On Tuesday (May 11), the company debuted “a wide range of features and products” for retail customers.

In a press release, the company highlighted features that include:

• The ability to track price movements, set limits and stop orders with cryptocurrencies and commodities.
• The availability of a new browser extension, Revolut Shopper, that helps customers shop securely online.
• The use of a Web App to manage a Revolut account from a desktop computer.
• The addition of purchase protection and other insurance benefits with paid plans.

“We will continue to add new handy tools to help our customers manage their financial lives smoothly and all from one useful app,” said Phuc To, Revolut’s head of retail. “We have just launched Revolut Shopper, a browser extension that helps customers get the best deals and shop securely at the same time.”

According to the news release, Revolut has added new features for transfers between friends. Customers can more easily see all of their transfers with friends “in a social media thread-like view.” The app will also allow the use of gifs and emojis.

Last week (May 6), Revolut added capabilities that allow users to transfer funds from bitcoin holdings to their own digital wallets, according to a company blog post. Revolut’s bitcoin feature is limited to U.K. customers who subscribe to the FinTech’s Metal service, which costs about $18.05 per month, CoinDesk reported.

There are about 80,000 U.K. users of Revolut’s Metal service, said Ed Cooper, Revolut’s head of crypto. About 40,000 of those users have also invested in cryptocurrency.

Revolut said it rolled out its services in the U.S in March, adding that it had applied for a U.S. banking license with the Federal Deposit Insurance Corp. (FDIC). The FinTech launched its platform in 2015.

In February of last year, Revolut said it raised $500 million in funding led by U.S. investor TCV, valuing the company at $5.5 billion.