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    Revolut Crypto Fintech Firm and MasterCard Partner to Launch Debit Card in the US

    Mastercard releases new details about its deal with Revolut to launch new debit cards, which will be a first in the United States and be ready by the end of 2019. The new debit cards issued will enable payments to be accepted anywhere Mastercard is accepted.

    Revolut, a Fintech firm launched back in 2015 as an alternate to the existing banking sector and later started offering cryptocurrency exchange has announced its partnership with MasterCard. The partnership announced on 22nd October through a press release revealed that Revolut would launch debit card by the end of the year.

    The strategic partnership with MasterCard would give Revolut access to any market where MasterCard is accepted. MasterCard has played a crucial role in Revolut's acceleration program ever since its launch.

    Nik Storonsky, founder and chief executive officer, Revolut commented on the partnership saying,

    “As a launch partner of Revolut, Mastercard has been an important contributor to our success, and today’s agreement will enable us to meet our ambitious goal of offering innovative financial and payment solutions to people all over the world. Launching in the U.S. will be a huge milestone for us, and we are delighted Mastercard will be our go-to-market partner”

    The partnership would provide Revolut with some of the MasterCard's latest payment solution technology and also enable them to use the Mastercard’s Send platform.

    Michael Miebach, Chief Product Officer at Mastercard commented,

    “Having partnered with Revolut over the last four years, we are delighted that our relationship continues to grow and meet our collective global ambitions. Revolut’s success and its speed to new markets, such as the US, is welcome proof of our commitment to tailoring support for fintechs. Broadening Revolut’s global reach will enable millions more people around the world to benefit from Mastercard’s worldwide acceptance footprint and Revolut’s ground breaking financial services.”

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    James W
    James is a cryptocurrency enthusiast, an advocate for the development and exposure of blockchain technology, and believes in the use of digital assets for the good of the society. Enthralled by the huge potential of cryptocurrencies and their underlying technology – blockchain – James dedicated himself to learn more about the industry, becoming a highly sought-after writer in the sector. He covers news, white papers and any content related to cryptocurrency and blockchain in general.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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