Crypto-based Revolut unveils Australian business services

Revolut, a crypto-based fintech firm, has unveiled international payments-based businesses accounts for Australian customers. It’s believed that the firm aims to achieve a banking licence in the country, as stated by Cointelegraph.

According to Cointelegraph, Revolut provides services for clients based in Europe and Asia. Reportedly, the platform provides crypto facilities, along with crypto asset-based transactions around Bitcoin, Ripple, and Ether. For certain places, the platform provides crypto staking-based services.

“A bank licence is still very much part of our plans. To be held to that regulatory standard would give our consumers confidence for the long haul, and would enable products that are in demand from our customers.