European Banking Licence 🏦


#257

#258

#259

There are currently 8,000 to 10,000 people opening a Revolut account per day. Users generate $4 billion in monthly transaction volume.

Oh boy!!!


#260

Ironic!!

All this time you gave us empty announcements and now there is nothing official about that huge announcement.

After all I love Revolut as it is!


#261

hmmm, interesting:

(…)
It’s going to be interesting to see if current accounts will affect growth. It’s currently quite easy to open a Revolut account as users don’t need to go through a lot of KYC processes. This is going to change once the startup starts opening current accounts.
(…)


#262

https://www.ft.com/content/989904f0-fe2c-11e8-aebf-99e208d3e521

I guess media outlets get the announcements before public does


#263

Great news!!! At least now I found that we have the same IBAN in all currencies!


#264

This is pretty official


#265

https://www.bloomberg.com/news/articles/2018-12-13/u-k-fintech-revolut-gets-european-banking-license-via-lithuania

;p


#266

As long as we can expect proper debit cards and direct debits…

If this happens, which I hope too, does it mean we will have to replace all our current prepaid Revolut cards?


#267

Right, still can’t touch the unicorn announcements through email and app notifications.
A lot of people doesn’t even know that a revolut community exist.


#268

“Revolut, which launched three years ago, will announce on Thursday that it has been granted a banking licence exactly a year after it lodged its application.” :slight_smile:


#269

#270

Congrats Revolut. Not bring that Apple Pay so we can open the champagne :slight_smile: .


#271

give them just a bit of time. they had to celebrate yesterday and are hungover now :laughing:


#272

Here is a blog post about it: https://blog.revolut.com/we-got-a-banking-licence/


#273


#274

They already did:


#275

Maybe offtopic but is fscs also available?
https://www.fscs.org.uk/what-we-cover/banks-building-societies/revolut/


#276

Better get your app fixed now then…