Revolut is a popular application - a purse with a great exchange rate of traditional currencies. From December, it enabled some of its users to exchange three cryptocurrencies: Bitcoin, Litecoin and Ethereum. Now two younger brothers joined them.
Vlad Yatsenko, co-founder and CTO in Revolucie, spoke while announcing today's news:
The need to use stock exchanges, private keys, offline portfolios, discourages many people from digital currencies, so we propose a simpler way for consumers to become familiar with cryptocurrencies in practice.
And it's hard to disagree with him. Most people who ask me for assistance with their first transactions are afraid of complicating transaction platforms or the possibility of losing money by overlooking a window. Wallets are much less complicated, but here comes the issue of storage security. One person has heard that cryptocurrencies need to be kept on a sheet of paper, another one that they can easily be stolen ... In short: usually you have to dispel myths around cryptocurrencies.
An excellent option to make the first step in the world of cryptocurrencies is Revolut.
Some users already have access to Bitcoin, Litecoin and Ethereum purchase and sale opportunities. They can be sent to friends, but not beyond the application. It results from a simple fact - technically speaking, we do not buy any cryptocurrency. Revolut is not a comparable crypto-currency portfolio, for example from Mycelium. "By buying" bitcoin we become the owner of the product, whose course will be consistent with the bitcoin course, not the bitcoin itself.
Talking about having a cryptocurrency in Revolt is a simplification for the mass market.
However, the December premiere had to go to Revolut, because he had just opened for another, two cryptocurrencies: Ripple and Bitcoin Cash.
XRP (Ripple)
Ripple has been operating since 2012, although the conceptual work on its shape goes back to before bitcoin. He differs from him in the fact that he is an intermediary. It does not have its own community of diggers because it serves as a settlement network. In this way, using Ripple you can settle dollars, euros, francs, but also bitcoins, miles in loyalty programs or other goods. Already now with Ripple, among others Royal Bank of Canada, Santander, UBS and UniCredit.
XRP course for CoinMarketCap.
Bitcoin Cash
For the first time since Bitcoin Cash, we heard in August last year, when it separated himself from the bitcoin fork. Bitcoin Cash was created as its copy with a few changes. First of all, BCH did not use the update called Segwit, which was approved by the bitcoin community (it was supposed to prevent bitcoin clogging). Second, BCH has increased the block size, where transactions are saved up to 8 MB.
BCH course for CoinMarketCap.
The function will probably be successively unlocked in the application. Those less fortunate can wait a long time. I myself do not have the opportunity to trade bitcoin in Revolt.