Journalists learned about Revolut’s plans to launch their own token

British Revolut considers the possibility of launching its own token. Coindesk writes about this with reference to sources familiar with the plans of the fintech company.

According to one of them, we are not talking about Stablecoin-Revolut works “on something like a stock token like Binance Coin”. He compared the https://gagarin.news/ru/news/the-bitcoin-community-celebrates-pizza-day/ coin distribution mechanism with the native assets of the Wirex (WXT) processing service and the Nexo cryptocurrency creditor.

The source added that Revolut needs to obtain permission to manage the financial supervision of Great Britain before the release of token. He will be focused on customers from Europe and jurisdictions outside the United States, the second interlocutor explained.

In July, Revolut attracted $ 800 million when estimated at $ 33 billion. Later, its founder Nikolai Peninonsky said that before going to the IPO, the company’s income should be in the range of several billion dollars a year.

Recall that in September, Revolut entered into an agreement with the supplier of flexible working spaces WeWork, in which he will pay bitcoin for renting an office in Dallas.

Previously, Fintech Company announced the launch of unexpented shares in the United States.