Revolut, the London-based fintech, has enlisted Fireblocks to provide wallet security infrastructure for its cryptocurrency offering. Announced yesterday, the deal will integrate Fireblocks' multi-party computation technology, with the service potentially reaching 13 million users at launch. Revolut declined to detail the specifics of its crypto offering but confirmed Fireblocks' solution fit the project.
Revolut To Use Fireblocks For Its Crypto Service
Revolut, the London-based fintech, has enlisted Fireblocks to provide wallet security infrastructure for its cryptocurrency offering. Announced yesterday, the deal will integrate Fireblocks' multi-par
Key Points
- Revolut, the London-based fintech, has enlisted Fireblocks to provide wallet security infrastructure for its cryptocurrency offering.
- Announced yesterday, the deal will integrate Fireblocks' multi-par
Advertisement
728×90
Fireblocks' MPC technology has processed $70 billion in digital asset transfers to date. Revolut will use this foundation to lower counterparty risk and simplify user transactions, requiring only a single confirmation per transfer.
The partnership strengthens Revolut's standing as one of Europe's largest fintech platforms. Fireblocks will count Revolut as its 100th customer from the financial services sector.
Rising volatility in crypto markets has drawn fresh investor money, and Revolut's leadership saw this partnership as an opportunity to expand its crypto trading service. Ed Cooper, Revolut's head of crypto, said: "It is crucial that our platform takes advantage of the best crypto management solution in the industry because of our market share and worldwide presence. Moving to Fireblocks' wallet infrastructure gives us a competitive edge over other financial applications as it will enable us to rapidly add more advanced crypto features as the space continues to evolve at breakneck speed."
Michael Shaulov, CEO of Fireblocks, said: "We are excited to assist Revolut in driving the adoption of cryptocurrency by providing a trusted infrastructure for the next billion people coming into crypto."
MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.
Advertisement
728×90
Related Stories
Markets
Bitcoin Hits $109,000 All-Time High on Trump Inauguration Day
Bitcoin reached $109,356 on January 20, 2025, marking a new all-time high coinciding with Trump's inauguration.
·MiningPool Staff
Cryptocurrency
Amaury Sechet Commits To The Reduced ABC Community
Bitcoin Cash ABC's price rocketed 62% in the past day, climbing from $12.27 to $19.97 as the project released a new client focused on stability fixes. The rebound offered holders a reprieve after the
·James Gray
Cryptocurrency
Bitcoin price soars to $18,480 as bulls look to moon BTC
Bitcoin reached $18,483 in the past 24 hours, extending a significant rally over the previous week. BTC/USD climbed more than 15 percent in the last seven days following a breakthrough past the $16,00
·Aubrey Swanson
Cryptocurrency
Crypto-Ponzi Scheme Operator Arrested By The FBI
Law enforcement caught a California man attempting one of the more dramatic getaways in recent financial crime history. Matthew Piercey, accused of orchestrating a massive investment scam, tried to es
·James Gray
Cryptocurrency
Grayscale now has $10 billion in crypto assets under management
Grayscale Investments has crossed an unprecedented $10.4 billion in digital asset holdings, marking the first time the institutional crypto fund manager has reached this significant threshold. The mil
·James Gray
Cryptocurrency
YFI price jumps 20% to hit $25,000, days after trading around $7,500
DeFi token yearn.finance (YFI) jumped more than 20% as Bitcoin surged past $18,000, sparking enthusiasm across the crypto market. The token climbed from just above $21,000 to an intraday peak of $24,8
·Aubrey Swanson
Stay informed
Verifiable crypto journalism, delivered to your inbox.
Weekday mornings. No hype. No financial advice. Just what happened and why it matters.
No spam. Unsubscribe anytime. Read our privacy policy.