Revolut has announced plans to launch its banking operations in the United Kingdom after regulatory restrictions on its license were removed.
In an official statement, the company said the Prudential Regulation Authority has lifted the remaining limits on its UK banking license. This decision clears the way for Revolut to begin offering full banking services in the country.
The launch will start with an existing customer base of more than 13 million users in the UK. It also follows the company’s recent pledge to invest up to 4 billion dollars in the country while creating at least 1,000 high skilled jobs.
Nik Storonsky, the co founder and chief executive officer of Revolut, described the launch as a major milestone for the company. He said introducing a UK bank has been a long term strategic objective and represents an important step in its growth.
He added that the United Kingdom remains Revolut’s home market and a key part of its expansion plans. The company intends to provide a full range of banking services to millions of its UK customers while delivering the same innovative experience it already offers across Europe. According to him, the move also supports Revolut’s broader goal of building a truly global bank.
The company said the rollout will begin gradually. A small group of existing customers will gain access first in the coming days, with the service expanding to more users over the following weeks.#crypto #cryptonews https://t.me/coinsignalpublic https://coinsignals.net
