Softbank leads $800M investment for banking app Revolut

[sirty143]

Revolut, a major British banking app featuring cryptocurrency investment, has secured $800 million in a new funding round. The new investment round is led by Japanese financial giant SoftBank and United States hedge fund Tiger Global, which collectively hold around 5% in Revolut... See more for yourself here.

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[TomPluz]

So this Revolut must have done the regulatory requirements in the UK financial system for it to openly operate in the British market without any problem for cryptocurrency. There is a trend right now of many big institutions rushing into platforms involved in cryptocurrency. One thing for sure: they must be seeing that soon the market will eventually rise again and make a big bull run.