Pro-Crypto Fintechs Robinhood & Revolut Aim to Replace Bitcoin-Hostile Banks

Robinhood, like Revolut, operates an in-app cryptocurrency exchange alongside its flagship stock trading platform. The service is now available throughout more than half of the US, and executives have said that they expect it to be the largest crypto trading platform within the near future.

Stock trading app and Silicon Valley darling Robinhood has also expressed its desire to become a licensed banking institution, and while the firm has not yet achieved that goal, it did take a major step toward becoming a viable digital banking alternative.

Hours after Revolut revealed that it had received a European banking license, the $5.6 billion Robinhood announced that its more than six million customers (up from 3 million in February) could begin registering for early access to its new zero-fee checking and savings service, which offers an industry-leading 3 percent interest rate. Please Continue Reading Here