Changpeng Zhao announces Revolut now supports BNB transactions
CZ expressed his surprise and enthusiasm about the announcement
In a notable development for the cryptocurrency market, Changpeng Zhao (CZ), the founder and former CEO of Binance, announced that Revolut, the digital banking platform, now supports transactions for BNB.
This move underscores Revolut’s commitment to expanding its cryptocurrency services and offering users a broader range of digital assets for trading and investment.
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Revolut’s addition of BNB—a native token of the Binance ecosystem—reflects its user-focused approach and increasing presence in the global crypto sector. This step is seen as a major milestone in making BNB more accessible to Revolut’s extensive customer base, which spans multiple regions and demographics.
BNB gains wider adoption
BNB Smart Chain is an Ethereum Virtual Machine (EVM) compatible blockchain platform capable of executing general purpose smart contracts. It is a Layer 1 blockchain that is part of the BNB Chain blockchain ecosystem developed with the support of cryptocurrency exchange Binance. BNB Smart Chain is known for its speedy transactions and low cost. The BNB token is the fuel for the BNB Smart Chain. Originally known as Binance Coin, BNB has been renamed to 'Build and Build'.
BNB, originally introduced as a utility token for Binance, has grown to become one of the most prominent cryptocurrencies by market capitalization. Supporting BNB transactions on Revolut allows users to buy, sell, and hold BNB within the app, enhancing accessibility for retail investors seeking exposure to the asset.
CZ expressed his surprise and enthusiasm about the announcement, highlighting how Revolut’s decision aligns with the ongoing trend of mainstream financial platforms embracing cryptocurrencies. This addition positions Revolut alongside major players looking to integrate crypto assets into their existing financial infrastructure.
Strengthening Revolut’s crypto ecosystem
Revolut has steadily expanded its cryptocurrency offerings to meet growing demand from its tech-savvy user base. The addition of BNB strengthens its ecosystem by offering users diverse investment opportunities and access to leading crypto assets.
The platform’s user-friendly interface and robust features make it easier for newcomers and seasoned traders alike to explore digital assets. Revolut’s move not only boosts BNB’s visibility but also highlights the increasing integration of crypto within traditional fintech services.
Revolut’s support for BNB signals a broader trend of fintech platforms adopting cryptocurrencies to attract new users and meet market demand. As the digital asset industry matures, similar integrations may accelerate, creating new pathways for mainstream adoption. Analysts will watch closely for Revolut’s next steps as it continues to expand its crypto portfolio.
Also read: Binance almost lost domain due to simple chargeback, CZ reveals.
In the previous news, author @cz_binance discussed the ongoing storybook competition at Giggle Academy, encouraging users to participate and submit their stories for a chance to win $BNB. The competition has already seen some excellent submissions.
