Just days after reports emerged that Revolut was restricting cryptocurrency services in the UK, the fintech company launched a cryptocurrency trading service in New Zealand for customers in the country.。

Additional Services for Cryptocurrency Customers

According to an official press release, the London-based fintech firm launched its "Learn and Earn" program in New Zealand, offering free courses for cryptocurrency traders as a complement to its services.。In addition, the company has partnered with and integrated Koinly to streamline cryptocurrency tax returns for New Zealanders.。

Georgia Grange, head of Revolut New Zealand, said: "Revolut is pleased to be able to get closer to our goal of simplifying the currency experience for New Zealanders by expanding into new verticals such as education and trading.。

"By adding cryptocurrencies and educational tools such as Learn and Earn to our New Zealand platform, Revolut is committed to making it easy to access and invest in cryptocurrencies that were previously considered time-consuming, difficult and expensive."。Through our products, Revolut aims to drive seamless access to alternative asset classes and provide educational content to help New Zealanders navigate it. "。

The fintech company will offer New Zealand customers more than 100 digital currencies, including top digital currencies such as Bitcoin, Ethereum and XRP, allowing them to buy and sell these cryptocurrencies.。

However, it is unclear whether the platform will allow customers to transfer their cryptocurrency holdings out of Revolut.。For the cryptocurrencies it offers in the EU, Revolut does not allow customers to transfer tokens out of the platform。

Revolut's Cryptocurrency Strategy

Revolut is one of the most valuable fintech companies in the UK with a payments agency licence.。The company is currently applying for a banking licence in the UK to further expand its services, most likely in the lending business.。

Although the fintech company has been offering cryptocurrencies for years, it has strategically restricted and expanded such offerings.。Recently, there were media reports that the platform would suspend cryptocurrency purchases for its corporate customers in the UK, citing upcoming regulations in the UK.。Earlier this year, the platform shut down all cryptocurrency services in the United States.。