Revolut, one of many world’s main monetary tremendous apps with hundreds of thousands of customers globally, has announced a significant step ahead in its cryptocurrency and funds choices by means of a brand new strategic partnership with Lightspark, an organization specializing in next-generation Bitcoin infrastructure.
This collaboration brings next-generation Bitcoin infrastructure to Revolut clients within the UK and choose European Financial Space (EEA) international locations. The objective? Get rid of sluggish transactions and excessive community charges by tapping into the Bitcoin Lightning Community and cutting-edge instruments just like the Common Cash Handle (UMA). In easy phrases, Revolut is making BTC funds quicker, cheaper, and extra sensible for on a regular basis use.
Revolut has constructed its popularity on pace, effectivity, and giving customers extra management over their funds. Now, with Lightspark’s expertise, it’s going one step additional. By connecting to what Lightspark calls the “open Cash Grid,” Revolut joins a rising ecosystem of fintech corporations embracing a brand new period of digital funds — one that’s instantaneous, borderless, and way more inexpensive than conventional programs.
Lightspark, led by former PayPal President David Marcus, makes a speciality of fashionable Bitcoin fee infrastructure. Its core mission is to switch outdated, bank-driven transaction programs with real-time, low-cost, globally accessible fee rails — one thing conventional banks have lengthy didn’t ship.
“Integrating with Lightspark is a pure step ahead,” mentioned Emil Urmanshin, Normal Supervisor of crypto at Revolut. “We’re at all times in search of methods to supply quicker and extra inexpensive monetary options — and their strategy to international transactions permits us to do precisely that.”
David Marcus, CEO and Co-founder of Lightspark, emphasised the dimensions of the shift: “The way forward for cash is real-time, low-cost, and borderless—precisely what Lightspark solves for. For too lengthy, conventional banks have relied on outdated, sluggish, and costly fee programs — akin to dial-up when the remainder of the world makes use of 5G. In a world with a brand new, open Cash Grid that allows instantaneous, seamless transactions, we’re excited to see a world fintech reminiscent of Revolut prepared the ground.”
By integrating with Lightspark, Revolut customers will quickly profit from near-instant Bitcoin funds, dramatically decrease charges, and seamless international transactions. The addition of UMA help additional simplifies crypto funds, making them as straightforward as sending an e mail.
This transfer cements Revolut’s place as a frontrunner in each conventional and digital finance. By partnering with Lightspark, Revolut goes past merely maintaining with innovation — it’s taking an lively position in shaping the way forward for international funds. With quicker, low-cost, and borderless transactions, Revolut helps redefine what fashionable monetary companies ought to appear to be.
