Statistics show that the number of transactions in the Revolut app increased by 756 percent for the year.
Swedish authorities are wary of cryptocurrencies. Many people in this country who want to invest in digital assets must look to other countries for application providers.
Revolut is used by 180,000 Swedes, according to Dagens Industries. The overall number of transactions on the platform rose by 47 percent over the year. However, in Sweden, this figure increased by 756 percent. As previously mentioned, this is due to a lack of available alternatives.
There aren’t many free apps available in Sweden that allow you to connect with digital assets safely. The majority of them have faith in Revolut. It’s an environment that many people are familiar with. People are aware of it and are not afraid to employ it. This is the company’s representative’s view.
In addition, the increase in the number of users from Sweden is attributed to certain financial incentives. Using the services of a digital bank, you can make monthly foreign money transfers without paying any fees.
Customers actively use it. They can send money to exchange in the United States without incurring any transaction fees. They are also drawn to working with Revolut’s 21 digital properties.
The digital bank‘s features will be expanded soon. First, British users will pass cryptocurrency from the app to other wallets, followed by other users.
In addition, the company intends to become a digital Amazon. Revolut only sells books, but it plans to broaden its product offerings, available for purchase using cryptocurrencies.