Revolut Launches Crypto Card with Cashback in Dogecoin (DOGE)

The popular British neobank Revolut has launched a new feature which enables users to transform their credit or debit card into a crypto card. To set it up, customers can pick a card that already exists in their account or simply create a new one.

Besides, the feature works for both physical and virtual cards. On top of that, users are eligible to collect 1% cashback in Dogecoin (DOGE), Shiba Inu (SHIB), Bitcoin (BTC), Ethereum (ETH), among other cryptos currently supported by Revolut.

Brits will soon be able to buy a pint of milk with Dogecoin as fintech firm Revolut launches a crypto card in the UK https://t.co/JpkQaxN2aS

— Evening Standard (@standardnews) October 31, 2022

Revolut Puts Focus On Crypto Despite Slow Returns

Despite the concentration on crypto and blockchain technology, the futuristic bank of Revolut had to face the music of the crypto turmoil that has been going on for the better part of 2022. 

According to a recent Bloomberg interview, Revolut CEO Nikolai Satoransky is upset with the revenue generated by crypto in 2022, which is below 5%. “Less than 5% is quite sad from my point of view. I think crypto has a lot of potential for financial systems”, explains Satoransky.

To compare, the year 2021 engrossed five to seven times more than that and brought in around 30-35% of Revolut’s total revenue. However, this doesn’t stop the British bank from investing more in the cryptocurrency sector, as it is believed to be the future of money.

Revolut still wants to invest in its crypto offering, despite this revenue stream almost vanishing during the recent price crash https://t.co/viZu5ZCi6T

— Bloomberg Crypto (@crypto) November 3, 2022

The Popular Canine Token Dogecoin (DOGE) Is Going Places

Elon Musk’s recent finalization of the $44bn Twitter deal sparked a long-awaited bull run for the popular Japanese guard dog themed meme token. At press time, DOGE is priced at $0.13375, according to CoinGecko. DOGE catapulted by 120.7% since last month and is having a great week, with 83.2% in the green.

As the new Chief Twit is getting ready to implement his beloved DOGE into the social platform, it’s no surprise that the trading volume has increased dramatically, pushing Dogecoin DOGE to the #8 spot by total market capitalization.

Indeed, the market cap doubled up since October 25th, 2022, going from $8bn to a whopping $18bn today. As crypto enthusiasts are eager to see what’s next for DOGE, the canine coin is definitely contributing to the global crypto adoption.

On the Flipside

Despite growing over 100% in the last few weeks, DOGE trails by 81.9% from its ATH (all-time high).

Why You Should Care

The new Revolut crypto card allows customers to pay in crypto in any shop worldwide. Hence, this feature can significantly accelerate retail’s crypto adoption.

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