Revolut To Add 3,500 People To Its Team, Start VISA Partnership for Market Share Growth

The fintech company Revolut is currently seeking to add 3,500 employees to its staff. The current goal of the company is to expand in both developed and developing markets. To be able to do it, the company wants to upgrade its staff from 1,500 to 5,000 people in a period of one year.

Nikolay Storonsky, the co-founder of the company, affirmed that the company is set to expand beyond its current reach of Europe and Australia, which are Revolut’s primary markets. Not only is the company expanding into the United States, but also other countries such as Russia, Japan and Brazil.

Part of the reason why the company is expanding has to do with Visa. The expansion will also expand how people use Visa with 75% of the Revolut-based cards will use this system.

This is a very ambitious plan that has already made the company be accused of an “aggressive expansion”. Part of this is because the company uses a referral link system in which people get bonuses for inviting others to use its services.

Revolut To Offer Limited Access To Crypto

What does Revolut have to do with cryptos? The company currently offers some popular digital coins. The assets include the ones at the top of the market: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and XRP.

There may be some limitations, though. While the U. S., Brazil and Japan are considered fairly friendly to cryptos, Russia is not so much. Crypto assets can only be sent to other Revolut accounts, though, which diminishes the scope of the service.

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Author: Gabriel Machado

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