Revolut launches ‘Crypto Collections’ for investing in multiple tokens
UK-based digital banking app Revolut has gathered more than 100 tokens into collections based on their underlying technology.
The feature groups the more than 100 tokens available on the Revolut app into collections based on various factors related to their underlying technology, such as NFT, metaverse or gaming.
Customers will be able to buy an entire collection and spread the investment evenly between all tokens or track the collection as a whole.
Educating users about crypto investments
Expanding on its “Learn and Earn” crypto education feature, which launched in July 2022 and quickly saw one million users complete the short courses, Collections is asking users to learn about the technology behind each token and make investments based on knowledge over hype.
Company officials said that with collections, users can discover new tokens based on the underlying technology and understand more about what the protocol behind the token does.
More investment choices
By spreading the risk, users will be able to choose areas of interest and spread their investments across a number of tokens rather than having to choose individual ones.
Revolut’s representatives added that one can, for example, believe that a certain domain will play an important role in the future, but one does not know how to act on this theory. With Crypto Collections, the user can easily see all tokens related to that area, as well as spread their investment across all the related tokens on Revolut.
The feature is now available across all Revolut plans with a minimum investment amount of GBP 1 per token in the collection (for standard users).
Revolut offers courses in crypto investing
In March 2023, the digital banking app launched yet another crypto learning course to make digital assets more accessible. The new course is called “Polkadot Bonus” and consists of two lessons.
After mastering the basics of crypto in the first set of courses, users will now be introduced to the ins and outs of staking, a month after Revolut announced it would launch crypto staking on DOT, XTZ, ADA and ETH crypto assets.
As Revolut representatives say, they want to continue making the crypto world more accessible as interest in cryptocurrencies and blockchain technology continues to grow. Millions of customers have completed the ‘Learn and Earn’ courses, with one million people completing the course in the first month alone.
They believe the only way customers can make informed decisions about their finances is by making sure they have all the right tools to understand how crypto works, representatives added. In the first lesson, users will learn about the process of staking, while the second focuses on the multichain concept and multichain interaction. For UK and EEA customers, up to GBP/EUR 8 is available in DOT tokens if they take the short courses and pass a final quiz. Customers can then stake their newly earned tokens in the app.
