Cryptocurrency: Revolut Launches Cashback on All Purchases With Metal Card

A new scheme is promising to give users cryptocurrency back on every transaction. Revolut, the futuristic money app that plans a United States launch in the coming months, announced on Wednesday the launch of a metal payment card that will give consumers cashback in one of five cryptocurrencies or 25 fiat currencies.

“We’re making crypto exposure accessible to the wider public, providing customers with a seamless experience that traditionally was time-consuming and expensive,” Nikolay Storonsky, founder and CEO of Revolut, tells Inverse. With hundreds of thousands of customers now actively exchanging cryptocurrencies in the app, we’re offering them another way to gain easy exposure to crypto through cashback.”

Revolut is one of a number of “challenger banks” that have made waves in the United Kingdom by offering seamless low-rate spending abroad and sleek smartphone-only operations, a grouping that also includes Starling and Monzo. While currently available in the…