Revolut expands New Zealand offering, launches Crypto trading and ‘Learn & Earn’ feature

Revolut expands New Zealand offering, launches Crypto trading and ‘Learn & Earn’ feature

Revolut, the global financial super app with more than 35 million customers worldwide, has announced its next step towards simplifying the money experience for everyday Kiwis by adding cryptocurrency trading and a series of free educational courses ‘Learn and Earn’ to the Revolut app. Through the launch, Revolut aims to enhance financial access and drive financial literacy by providing a seamless crypto experience for Kiwis.

Enhanced access to alternate asset classes

Revolut’s crypto offering will enable customers in New Zealand to buy and sell more than 100 crypto tokens including BTC, ETH, and XRP from within the Revolut app. The offering will also enable users to set up watchlist alerts. Revolut has prioritised enhanced security and frictionless UX for their crypto product. Using Revolut, everyday Kiwis can now enjoy accessing the global crypto ecosystem from their smartphones, enabling them to participate in the growing digital asset space.

Enhanced financial literacy through education

In a bid to drive responsible trading and financial literacy, Revolut is providing Kiwis’ with an added free resource to enhance their knowledge about cryptocurrencies.

‘Learn & Earn’ is a feature containing seven free in-app courses designed to break down the complexities of crypto. The courses offer a seamless UX to educate customers about topics like crypto basics, blockchains and popular tokens and protocols.

Koinly partnership for discounted tax reporting

To simplify the crypto tax process and help Revolut customers in New Zealand file their tax returns, Revolut is partnering with Koinly. The integration will make declaring crypto related income seamless and will provide Kiwi customers with a 20-60 per cent discounted crypto tax reports if they sign up and download a tax report prior to 25 April 2024.

Georgia Grange, Revolut’s Head of New Zealand, said, “Revolut is excited to edge closer to our goal of simplifying the money experience for Kiwis by expanding into new verticals like education and trading. By adding crypto and educational tools like Learn and Earn to our NewZealand platform, Revolut strives to make accessing and investing in cryptocurrencies – previously deemed time-consuming, difficult and expensive- easy. Through our offering, Revolut aims to drive seamless access to alternate asset classes, and provide educational content to help Kiwis navigate it responsibly”.

Through providing easy and accessible digital access to crypto trading, and through educating customers via ‘Learn & Earn’, Revolut aims to make the world of digital assets more accessible, seamless and secure for everyone.

As part of our goal to be the safest place to trade, use and learn about crypto, Revolut makes it clear to customers that crypto tokens are volatile assets and prices can go down. Revolut believes in widening access to crypto and also recognises that it may not be appropriate for everyone, so the company encourages its customers to consider their own circumstances and dotheir own research before buying or selling. Crypto is largely unregulated in New Zealand and significant risks apply.