As the challenger bank Revolut prepares to launch a crypto card in the United Kingdom, people of that nation may soon be able to pay for commonplace products using Dogecoin (DOGE).
Revolut’s Pay with Crypto service rewards customers with 1% in cryptocurrency for purchases done with any of the almost one hundred supported tokens. The Evening Standard lists many cryptocurrencies alongside Dogecoin, Bitcoin (BTC), and Ethereum (ETH) as examples of these tokens.
If the original purchase was made using Dogecoin, then a percentage of the cashback will also be sent in Dogecoin (1% in DOGE).
Revolut’s Crypto General Manager, Emil Urmanshin, stated: “Not only have we doubled the amount of cryptocurrencies accessible in the Revolut app to almost 100 tokens this year, but we’ve also created Crypto Learn & Earn education classes that millions of our clients enjoy.”
He added: With the introduction of crypto-enabled cards, “we are now making crypto even more popular by letting individuals to utilize their tokens for regular transactions.”
With the introduction, Revolut has compiled a set of ‘Learn & Earn’ courses to help users get a deeper familiarity with cryptocurrency, blockchain technology, and the most widely used tokens and protocols.
Notably, this follows the CEO of Mastercard (NYSE: MA) announcing a partnership with Binance, the world’s biggest cryptocurrency exchange, to simplify the acceptance of digital currency payments at retail outlets.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.