Revolut, a fintech firm based in London, has announced its partnership with MetaMask, a self-custodial wallet, to facilitate direct crypto purchases for users in the United Kingdom and the European Economic Area (EEA).
The alliance introduces an innovative feature that allows Revolut users to buy more than 20 tokens with 18 supported fiat currencies directly into their MetaMask wallets.
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MetaMask's capabilities for direct in-wallet crypto purchases are enhanced by various payment methods, including card payments, bank transfers, and digital wallets (Apple Pay, Google Pay, PayPal). Now, through Revolut's integration, a more seamless and user-friendly experience is available.
This integration has also simplified the Know Your Customer (KYC) process. Users adding funds to MetaMask via the Revolut app can bypass additional verification checks, as Revolut's existing verification mechanisms will be utilized.
Lorenzo Santos, a senior product manager at MetaMask's parent company Consensys, noted:
This partnership is really about giving our customers what they want — more control over their crypto, in a straightforward way, using platforms they already know and trust.
The initiative not only addresses current users' needs but also paves the way for broader crypto adoption globally.
This development comes a few months after Revolut temporarily suspended cryptocurrency purchases for UK customers to comply with new Financial Conduct Authority regulations.
