The announcement was made through a blog post that has now been deleted due to a scheduling error, AltFi reports. The beta announcement was set for next week on Thursday. In the post, Revolut indicated that besides bitcoin, the platform plans to add more digital assets for withdrawal. Revolut notes that to withdraw bitcoin, users will only add a wallet address, enter the asset amount, and access the crypto. As a beta version, metal paying customers will have a limit to withdraw £1,000 per month or £500 per day.
Staff member successfully withdraws bitcoin
Before the blog post, Revolut has made the announcement internally to employees stating one staff member had successfully used the feature. The firm maintains that all the assets are in cold storage with some of reputable crypto custodians. Revolut notes that the platform’s blockchain analytics partner will screen all external crypto addresses to prevent vices like money laundering through the withdrawal feature. Currently, Revolut offers over 20 different cryptocurrencies where users can buy and sell via Revolut’s app.
