European fintech startup Revolut is weighing adding support for staking and lending cryptocurrencies as the company is focused in the short-term on expanding its remittance offerings, Revolut CEO Nik Storonsky told Reuters. He added that the company is now working on a buy now, pay later product.
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Eventually, Storonsky says, the company wants to become a one-stop shop for financial services, including crypto:
"For example... decentralized wallets, and enabling deposits, withdrawals of crypto [and] staking, lending — that’s another piece that we're missing and we're working on."
While Storonsky didn't go into details on these new services, he pointed out that the company is currently opening new remittance corridors to enable its US clients to send money across borders in less than one hour.
Storonsky's comments about crypto expansion come after Revolut posted a job vacancy seeking a tech lead with 7+ years of experience in building order-matching engines (those needed for "crypto exchanges"). According to the job's description on LinkedIn, the candidate will be "leading a technical team to architect and build Revolut Crypto exchange".
The candidate should also have experience in "supervising teams of engineers." Previously, reports said Revolut might also be working on its own token, but the details are yet to be revealed.
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