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Revolut’s Crypto Head Steps Down Ahead of Firm’s Digital Asset Expansion Move

Revolut’s Crypto Head Steps Down Ahead of Firm’s Digital Asset Expansion Move

Abstract:

  • The pinnacle of crypto at Revolut has left the agency lower than six months into the function
  • The transfer comes as Revolut is gearing as much as push new crypto merchandise into the market
  • The vacant place will initially be stuffed internally, and as a everlasting alternative is sought

The pinnacle of crypto at Revolut, Jean Meyer, has reportedly left the corporate.

Mr. Meyer joined Revolut in September of 2021 after the corporate acquired Wished –  a expertise sourcing market based by Meyer alongside Balazs Alexa, Guillaume Breux, Mario Eguiluz, and Eva Peris in 2019. After the acquisition, Meyer labored as Revolut’s Product Lead earlier than transitioning into the function of Head of Crypto in January of this 12 months.

According to sources, the pinnacle of crypto function will likely be stuffed internally as Revolut begins the method of discovering a everlasting alternative with time.

Revolut Has Been Increasing its Digital Asset Providing Globally

Information of Jean Meyer leaving the corporate comes when Revolut is increasing its crypto choices throughout the globe. In mid-January, Revolut launched as a financial institution in 10 Western European markets, together with Belgium, Denmark, Finland, Germany, Iceland, Lichtenstein, Luxembourg, Netherlands, Spain, and Sweden.

Additionally, in the identical month, Revolut launched an replace of its Saving Vault product permitting Revolut clients within the UK to earn 0.7% curiosity on their financial savings.

In February, Revolut acquired the Mumbai-based foreign exchange enterprise of Arvog Foreign exchange Non-public Restricted. It additionally secured an Australian Credit score Licence permitting it to supply credit score and lending merchandise to Australian clients. Quickly afterward, Revolut launched inventory buying and selling in Australia.

Extra About Revolut

Revolut was launched within the UK in 2015 with a imaginative and prescient of making a world monetary tremendous app to assist individuals get extra from their cash. At present, greater than 18 million clients worldwide use Revolut and its dozens of revolutionary merchandise to make greater than 150 million transactions monthly.

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