Following on from the thread over on FTT regarding disposable, virtual cards, it looks like Revolut are going to be offering more of their premium features to standard users.
I received this email earlier today:
Great news, our Cryptocurrencies feature is now available for Revolut Standard users. We’ll also be making our Gold feature available to Standard customers later in April, so keep an eye out.
Here’s a little background
During a recent presentation, our Head of Crypto, Edward Cooper, reminded us that cryptocurrencies came about as an alternative to real money during the times of quantitative easing and currency devaluation following the 2008 financial crisis. Given the recent economic upset, we are starting to see quantitative easing and currency devaluation happening again right now.
We had planned to make this official later this year, but in light of recent events, we’ve decided to give all Revolut customers the opportunity to explore different ways of diversifying, including through crypto, right now. Plus, we’ll be inviting Standard users to explore our Gold feature later in April.
By the way, if you’d like to read about quantitative easing, the Bank of England has a page all about it.
Pricing for Crypto on Standard
For now, we’ll keep our Crypto pricing exactly the same for Standard customers as it is for Premium and Metal users. This means a 1.5% flat fee per trade for everyone, so that you can have a chance to try it out. In May, this flat fee will increase to 2.5% per trade for all Standard users (but stay the same for Premium and Metal users).
If you’d like to try our Crypto feature out now, head to the Revolut app, tap your main balance, tap “+ New” and choose “Cryptocurrency account” to get started.
Pricing for Gold on Standard
Gold pricing for Standard users will incur a flat fee of 1.50% per trade once it’s available. (Premium and Metal users will still be able to trade gold for a flat fee of 0.25% per trade.)
Capital at risk with Crypto
The price or value of any cryptocurrency can rapidly increase or decrease at any time. It may even fall to zero. Unlike normal money, no bank or government can stabilise the value of cryptocurrency if it changes suddenly. For full details of the risks of our Crypto Services, and the terms and conditions, visit our website.
Possibly a fantastic marketing ploy to encourage people to use Revolut more, hence generating more revenue