Bitstamp, a leading EU based bitcoin and cryptocurrency exchange today announced that it will facilitate transactions of three cryptocurrencies – bitcoin (BTC), litecoin (LTC) and ethereum (ETH) – among customers of Revolut, the London-based “global banking alternative.”
Revolut customers will now be able to use the app for instant purchases of cryptocurrencies via Bitstamp or transfer their bitcoin, litecoin, and ethereum to other Revolut customers instantly and for free.
In the event that Revolut customers will hold no fiat currency in their account, Revolut will dynamically convert any cryptocurrency the customer holds within the app when using their card with the best possible rate.
“Our partnership will enable Revolut users to have the same level of functionality of BTC, LTC, ETH that they have with any of their other currencies,” said Bitstamp CEO Nejc Kodrič. “The increase in liquidity, speed, and ease of use unlocked by this partnership are significant steps toward wider adoption of cryptocurrency as the offering becomes more mainstream.”
Revolut chose Bitstamp as a partner due to the level of safety and reliability that the exchange brings to every transaction, as well as its ability to provide seamless conversions. Revolut users will not need a Bitstamp account to perform transactions.
“This is something that our customers have wanted for a long time,” said Lewis Tuff, Revolut’s Chief Platform Engineer. “We think Bitstamp is the perfect partner as we provide Revolut customers with the ability to convert fiat money to cryptocurrencies, making the process much faster and much more accessible.”