Revolut, which is a crypto-friendly internet banking app, announced about expanding its collaboration with Mastercard (MA) to release Revolut cards in the United States by the end of the current year. With this expanded cooperation, it will also be able have access to the markets in Asia Pacific & Latin America like Japan, Australia, Singapore, Brazil & Mexico.
The new cooperation is a part of the 2 sides’ program to permit the issuance of cards in each and every market worldwide where Mastercard is accepted. According to the announcement, the parties will collaborate on a minimum of 50% of all already existing & future cards Revolut issues in Europe.
Talking over this expanded cooperation, Revolut founder & CEO Nik Storonsky mentioned:
“As a launch partner of Revolut, Mastercard has been an important contributor to our success & this agreement will enable us to meet our ambitious goal of offering innovative financial & payment solutions to people all over the world.”
He also added that releasing in the US can be a massive turning point for the company & that the company is excited to have Mastercard as their partner.
Being launched in 2015, in 2017, it started providing the exchange of three crypto coins: Bitcoin, Ether and Litecoin. This later was expanded to 5 cryptocurrencies, adding Bitcoin Cash and Ripple.
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