Yeah, thanks. Wikipedia (and other pages) lists Austria both as Central Europe and Western Europe country. Well, I think I will cancel my metal subscription and downgrade to standard again or ditch 
completely. This whole banking license is a jokeā¦ AFAIK only for Lithuanians. Users should be able to choose between LT and IE.
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Thatās not a thing any bank does. They typically manage by region, not by āsure you can pickā. They would need to passport their licenses per country, twice.
Does it actually matter? There are less people in Central Europe and a lower average balance due to the poorer countries, Lithuania will be able to back accounts there. Ireland will be able to back the more western richer countries like Germany and France.
Currently, reports mention only an e-money license for Ireland. So nothing to ābackā here in terms of compensation.
So the strategy could be to roll out credit and savings products via Lithuania, and split the current multi-currency wallet thingy between Lithuania and Ireland.
Revolut have said that they plan to have Irish entity manage Western Europe, UK to manage UK and Lithuania to manage Eastern/Central Europe.
I donāt see them mixing this up as it could get confusing and introduce some regulatory bonking with a hammer on Revolutās head.
Yes. That means credit products wonāt be available for āWestern Europeā for the time being. Unless they partner up or āupgradeā their Irish licence.
Itās a separate application and an e-money license is just in general easier to acquire. If theyāre set on 3 licenses based on geography they need to get the e-money in Ireland now because people will need to be moved to an EU license by the withdrawal period end.
It makes a lot of sense, credit products will take a while to develop anyways so maybe theyāll use this time to build their product abroad and then port it to the UK/Western Europe after (as weāre likely to use credit more, we might exhaust their capital quickly if they donāt have the right product too)
What I initially said is that there is no clear communication about what Revolut is really up to, and specifically, what that means for making assumptions about the product roadmap. With Ireland in the picture, itās now less straightforward.
Initially, Ireland was never mentioned. Customers outside UK, many (most?) presumably in āWesternā Europe, got informations about being migrated to Lithuania due to Brexit. Now informations about a new strategy popped up, while articles about the Lithuanian bank and Revolutās plans still mention rolling out the banking and credit products to other European countries. And recently with slightly adjusted wording, mentioning āMiddle and Eastern Europeā.
Also, the investment product currently available only to UK customers via a partner bank is said to become available elsewhere.
I am saying this makes it incredibly hard to make assumptions about when a credit card might become available in France, or Austria, or Germany, or Ireland. Which country is āWesternā? How soon will they apply for a banking license? Did they already? Whatās their strategy with the investment product? Are they going to rely on their own banking license for this or will they start this with partners in other countries as well? Will they wait until investment and credit products can be handled by their bank? Itās not uncommon for banks to have international partners for saving accounts, for example.
I donāt see it being a problem if a customer in Ireland uses the core product (e-money) via Ireland, but the savings vault is handled by the Lithuanian bank.
Point is, we just donāt know. But if they are going for a clear cut 3 licensees 3 areas approach, it is very likely that a substantial part of their yet to be rolled out offerings will become available later for āWesternā Europe than many had hoped for based on early informations about the strategy regarding the Lithuanian banking license.
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Some additional informations about the situation in UK.
Itās not, itās a phishing attempt.
Well, having said this, I donāt know what it is. But itās definitely not the same company as revolut.com. And itās worrying that hey are using Revolutās brand.
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I ve heard thatās a new app interface in Lithuania, if thatās true, can you post some screenhots? 
I am starting to feel that things are not what they seem. The way this discussion is going disturbs me. Am I alone in being worried about what might be going on behind the scenes?
I am not worried. Someone infringes Revolutās brand.
from Revolut chat:
"It looks like you are referring to Revolut&s bank migration. All of our non-UK users will be gradually migrated to Revolut Payments UAB.
There will be only one licence for customers from Europe, except for UK users due to Brexit, but they will not be migrated at once.
Sure. Thatās the official statement.
And then informations about a license in Ireland popped up. And I am saying itās not clear what that means for the migration process to Lithuania. Thatās exactly the point thatās not made clear by them. Thatās what my initial post was all about: informations are contradicting:
This week, Revolutās new chief operating officer and banking chief executive Richard Davies told The Telegraph about the companyās plans post-Brexit.
āStrategically for Europe we are moving to a three-target licensed entity model. We have already got the UK EMI [electronic money institution] licence, and that will continue to serve the UK clients,ā he said.
āThe strategy is to have our central and eastern European clients on our Lithuanian EMI and bank licence. For our western Europe clients, we are in the process with the Central Bank of Ireland around authorising there to have western European clients on our Irish licence.ā
Davies said that the decision to pursue a three-licensed hub model was made when the company considered the loss of passporting rights into EU countries after the Brexit transition agreement ends at the end of the year.
(February 2020.)
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Revolut is also planning to start offering credit cards in the UK after applying for a consumer credit licence, according to recent job ads. It is looking to recruit credit specialists to lead development of the new service. A person close to the company said it was not expected to launch this year.
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Do you know whether Revolut offers offshore bank account?
From where I am standing, UK is already āoffshoreā 
(Jokes apart, they donāt.)
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Uk Banking Licence?
Also when statndard user can buy commodities like gold?
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I would not expect it soon, they need to make metal worth it for those who pay for it, and gold is one of those features, only a niche of people are actually into gold, the metal targets exactly those people. Standard is directed to normal people, and they do not usually want gold.