Fintech giant Revolut and Binance-owned Trust Wallet announced Thursday that they are teaming up to make crypto purchases faster and easier for European users, without giving up control of their assets.

The two companies are launching an integration that lets Trust Wallet users buy crypto using RevolutPay, debit or credit cards and bank transfers, according to a press release shared with CoinDesk.

Users in the EU can fund their wallets instantly and, in some cases, with zero fees. The press release said that unlike many other fintech-to-crypto offerings, users never have to deposit their funds into a centralized exchange.

The cryptocurrencies goes straight into their Trust Wallet, a self-custodial app the release said was used by more than 220 million people.

This partnership comes as Revolut accelerates its push into crypto. The London-based fintech reached a $75 billion valuation last month in a secondary share sale backed by firms including Coatue, Fidelity and NVIDIA’s NVentures. It also secured a MiCA license via Cyprus, giving it regulatory approval to offer crypto services across the European Economic Area.

The company reported $4 billion in revenue and $1.4 billion in pre-tax profit for 2024 and has expanded globally with new banking licenses in Mexico and Colombia. In November, Revolut also began working with Polygon Labs to enable crypto remittances in USDC, USDT, and POL via the Polygon blockchain.

The initial rollout of its partnership with Trust Wallet supports bitcoin, ether, solana, USDC and USDT. More assets are expected to be added down the road.

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Author: Francisco Rodrigues