Revolut adopts Elliptic’s crypto compliance software
Revolut, the fast growing fintech with more than 15 million customers, has announced today that they have integrated with Elliptic, the global leader in cryptoasset risk management and blockchain analytics.
This partnership lets Revolut broaden its cryptocurrency offering. Revolut Metal customers in the UK are now able to withdraw cryptocurrency and their transactions are recorded on the blockchain, for the first time. They have been able to hold crypto-assets since 2018 and this launch means Revolut’s customers are able to spend their cryptocurrency, send it to personal wallets, or transfer it to other services such as exchanges.
Revolut will use Elliptic Lens, Navigator and Forensics in the UK to give visibility over risks, and the knowledge to block high-risk cryptoasset transactions.
