Revolut has added a new feature to its mobile app which allows customers to buy and exchange three major cryptocurrencies.
Customers will be able to buy bitcoin, litecoin or ethereum using any of the 25 base currencies via the Revolut app.
Revolut will apply a 1.5% mark-up during the exchange process with no hidden fees.
The feature also allows customers to securely hold their cryptocurrency within the Revolut app or transfer it to other Revolut customers instantly for free.
More than 10,000 Revolut customers signed up in just six days to test the beta version.
Nikolay Storonsky, founder and CEO at Revolut, said: “Despite being one of the hottest trends in the world right now, getting exposure to cryptocurrency has notoriously been time-consuming and expensive.
“We're going to open up cryptocurrency exposure to everyone, faster than any other platform on the market.
“By allowing our customers to seamlessly buy, hold and sell cryptocurrency, we are living up to our reputation of being a disruptive innovator in the world of finance.
“Cryptocurrency exposure has consistently been the number one requested feature from our customers and so we listened and took action.”
Lewis Tuff, chief platform engineer at Revolut, added: “To drive mass adoption of cryptocurrencies we believe the barrier to entry has to be reduced.
“With Revolut introducing cryptocurrencies into our platform, we're allowing all users to gain exposure to digital currencies in a simple, secure and seamless manner.”
Revolut recently announced that it had applied for a European banking licence.
The mobile banking platform also revealed that over 16,000 businesses had signed up to its business account in just three months.
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Monese urges holidaymakers to shop around for their bank to save money abroad
Brits travelling abroad have been encouraged to save money by shopping around for bank accounts...
Tandem introduces healthy balance feature
Digital bank Tandem has announced the launch of a new healthy balance notification feature on its banking app...
The Access Bank UK joins Bacs
The Access Bank UK has been announced as the latest brand to join Bacs Payment Schemes Limited (Bacs)...
Nearly 75,000 SMEs supported through BBB programmes
The British Business Bank (BBB) has reported that the total stock of finance provided through its programmes in the last financial year rose by 33% to £12.25bn...
Close Brothers’ banking division reports 6.6% loan book growth
Close Brothers Group PLC has revealed that its banking division has seen a 6.6% growth in its loan book in the 11 months to 30th June 2018...
Leeds introduces two-year fixed rate BTL product
Leeds Building Society has launched a two-year fixed rate buy-to-let (BTL) mortgage product as part of a wider refresh of its 70% LTV BTL range...
Just 20% of Brits would opt for a challenger bank
Only 20% of UK residents would opt for a challenger bank if they were opening a new account today, according to research from Equifax...
Santander to form digital investment banking team
Banco Santander has announced that a new digital investment banking team will be formed within Santander Corporate & Investment Banking...
Metro Bank introduces developer portal
Metro Bank has launched a new developer portal for FCA-registered third parties wishing to build services on top of its APIs...
Wesleyan Bank appoints new head
Wesleyan Bank has appointed David Brownbill (pictured above) as its new head of indirect sales...
Arbuthnot announces profit surge
Arbuthnot Banking Group has reported a half-yearly profit before tax of £3.5m for the six months to 30th June 2018, up from the £2.5m recorded during the same period last year...