REVOLUT ALLOWS ALL USERS TO TRY CRYPTOCURRENCIES
One of the largest and most successful fintech companies in Europe takes cryptocurrencies seriously. Today, its users received an e-mail message stating that the company's cryptocurrency function is now available to users of Revolut Standard.
El. The letter also said he would choose his gold functionality this month. The company, which offers faster and more efficient banking services, free currency exchange, barter exchange, cryptocurrency exchange and trade between them, seems serious about opening up alternatives to these currencies for its consumers.
Revolut draws the attention of its consumers to the unprecedented stages of quantitative easing taking place around the world, and how this leads to currency devaluation. The company reminds its customers that they now have an alternative in the form of cryptocurrencies.
Bitcoin is a great stock of securities because its purchasing power will never be harmed by inflation in its supply. Central banks cannot interfere and adjust their monetary policy, as the decree does.
The company will also expose its traditional user base to gold later this month. In this way, they can “diversify” their portfolios.
MONEY PRINTING LIKE IT’S GOING OUT OF STYLE
When the US Federal Reserve pledged to print about $ 6 million. The Bank of England offered an "unlimited" amount in response to the pandemic, starting to print money around the world (or rather, expanding stocks).
But in reality, governments haven’t really started their printing presses. They increase the money supply by quantifying facilitation. Here, the government buys assets, such as government bonds, from banks with newly created reserves to provide more liquidity.
The end result is the same. QE leads to a depreciation of the currency, and Revolut wants to inform its customers. The company has repeatedly demonstrated its commitment to improving financial education.
Just a couple of weeks ago, Revolut launched a money program to help children understand how to manage money. Now that the cryptocurrency feature is available to everyone, ordinary users and the younger generation will be able to understand the problems of the current system and find possible alternatives.