CoinMENA will use Standard Chartered to strengthen fiat payment rails in the UAE, while Revolut reportedly secured central bank licenses ahead of a planned local launch.
Revolut U.S. CEO Cetin Duransoy told Reuters the company plans to offer access to stablecoins in the United States.
Revolut just handed Dogecoin its most mainstream moment in years. The move gives Dogecoin something it has often struggled to hold for long periods, which is a real-world payment story that extends beyond social media hype. However, this is yet to translate into bullish price action for Dogecoin, which is still trading close to the $0.10 region. Revolut Brings Dogecoin Back Into The Payments Conversation Dogecoin has found its way back into the adoption conversation after Revolut launched a physical DOGE-themed crypto debit card across the UK and most of the European Economic Area. Related Reading: How To Time The Dogecoin Bottom And When The Price Will Reach $2 The card was described by the fintech company as its first physical crypto debit card, featuring a Dogecoin design and an LED display that lights up when users make contactless payments. The rollout is initially available in the UK and most EEA markets, although Hungary, Switzerland, and Portugal are excluded from the first phase. The card can be used anywhere Visa and Mastercard are accepted, which is where Dogecoin’s adoption for payments comes into play. Users link the card directly to their Dogecoin holdings within the app, and when a purchase is made, the platform automatically converts the required amount of DOGE into the local currency at real-time exchange rates, with no additional conversion fees applied at the point of sale. However, this creates a condition where merchants receive local currency instead of DOGE. Revolut serves over 70 million users globally and has been pushing into the crypto industry. Revolut is also deepening its regulatory standing, and the company recently received its full UK banking license in March 2026. Why DOGE Price Is Still Struggling The adoption of Dogecoin exists in parallel to suppressed price action. Revolut’s card is the most visible element of a change that the DOGE price chart has largely ignored. Related Reading: Dogecoin Has Now Entered Oversold Levels That Has Led To Previous Cycle Bottoms At the time of writing, Dogecoin is trading at $0.106, down approximately 8.5% from $0.115 recorded just last week. A more immediate factor for the most recent decline came on May 18, when geopolitical tension caused by a US presidential warning to Iran led to a move that sent Bitcoin below $77,000 and pulled the broader crypto market lower, with Dogecoin among the casualties. The problem for Dogecoin is that adoption headlines do not always create immediate buying pressure. The longer-term picture is more revealing. Dogecoin hit $0.48 in December 2024 and $0.29 in September 2025, and has since fallen back to the $0.109 to $0.115 range in the past two months, a drawdown of about 75% from its cycle peak, with no convincing recovery in sight. Spot Dogecoin ETFs have also not done much to help, with the early excitement around the products failing to translate into buying pressure for the meme coin. The ETFs were expected to give institutional and traditional market investors easier exposure to Dogecoin, but inflows have been modest compared to other crypto ETF products. At the time of writing, Spot Dogecoin ETFs have only attracted $11.78 million in total net inflow since launch. Featured image from iStock, chart from Tradingview.com
A third-party provider failure caused Revolut’s app to show wildly inaccurate crypto prices on Friday, the company confirmed, after users flooded social media with screenshots of Bitcoin listed at just 2 cents. Related Reading: Bitcoin Supply Shock: 100,000 BTC Vanish From Exchanges In Under 90 Days Third-Party Provider Blamed For Pricing Chaos Revolut acknowledged the problem in a public statement, saying engineers were working on a fix and urging customers to check its status page for updates. Hi. We want to help resolve the issues you’re facing with the Bitcoin price notification. We’re currently experiencing issues affecting some of the app’s functionalities. Please be assured that our colleagues are working on this as we speak. Please keep an eye on our status page… — Revolut Support (@revolutsupport) May 8, 2026 A company spokesperson later confirmed the disruption had been resolved, attributing it to a service failure at an unnamed external pricing provider. The company said it was still evaluating the full details of what went wrong. UPDATE: It wasn’t just Bitcoin. Multiple coins on Revolut appeared to flash-crash/glitch at the same time. Looks like a pricing/chart glitch — but for a few seconds, everyone thought they discovered the biggest crypto discount of all time.#Crypto #Bitcoin #Revolut pic.twitter.com/fIelIbAOor — Dave Flowman (@_btcd) May 8, 2026 The glitch wasn’t limited to Bitcoin. Users reported seeing simultaneous price drops across XRP, Solana, and even stablecoins like USDT and USDC — assets designed to hold steady at one dollar. Screenshots shared on X and Reddit showed Bitcoin’s 24-hour chart registering a roughly 50% intraday plunge, with the price briefly anchoring near $39,900 before snapping back. Some users also received push notifications warning that BTC had hit a 52-week low of 2 cents. According to Revolut, The price of Bitcoin has just dropped to $0.02 I guess its time to buy! ???? pic.twitter.com/YIbwBGrkeT — That Martini Guy ₿ (@MartiniGuyYT) May 8, 2026 No Matching Moves On Any Other Platform Pricing data on major aggregators showed nothing unusual during the same window. Bitcoin’s price on CoinMarketCap and CoinGecko held steady, with no sign of any crash in derivatives markets either. The anomaly appeared entirely contained within Revolut’s app. Ranveer Arora, a former PwC quantitative trading lead and co-founder of Altura.trade, told reporters two explanations are in play. The first is a corrupt data tick pushed through Revolut’s pricing system — a single bad data point that briefly anchored the chart before being corrected. Because Revolut is not an exchange and pulls prices from outside providers, one faulty input can be enough to produce exactly this kind of chart distortion. The second possibility is a transient liquidity gap. Revolut’s order book is shallower than what you’d find on a full exchange, so a large sell order could theoretically exhaust available bids and print a sharp downward wick before prices recover. Arora noted, however, that the lack of matching prints on any other platform makes the data feed explanation more likely. Related Reading: XRP Market Now Controlled By Whales? Dominance Reaches 91% On Binance Why Retail Apps Face Unique Data Risks Marc Tillement, director of blockchain price oracle Pyth Data Association, said the episode shows how quickly a single bad data point can distort price perception — particularly in retail-facing systems where users may not think to cross-check what they’re seeing. Tillement said that as markets grow more data-dependent, the reliability of pricing infrastructure becomes central to how much traders can trust what’s in front of them. Transparent, verifiable data layers, he argued, are what separate a glitch from a crisis. Featured image from Pixabay, chart from TradingView
The move is a major step in Revolut's goal to become a global digital bank. Services like crypto and stock trading remain separate.
The license would allow the firm to operate like a traditional bank and gain direct access to payment networks like Fedwire and ACH.
Revolut is preparing to trial a pound-backed stablecoin inside a regulated stablecoin sandbox in the UK, with testing expected within the current quarter. While this might look like another fintech pilot in the long history of crypto payment tests, the more interesting part sits upstream of the token itself. Revolut has what most stablecoin projects […]
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Coinciding with the FCA’s announcement of its stablecoin trial, Coinbase’s Brian Armstrong criticized the U.K.’s regulatory process, saying it puts the region's global crypto leadership at risk.
Both the FCA and the Bank of England are working in concert to develop a comprehensive set of regulations for stablecoins.
Revolut has abandoned plans to buy a US bank and is preparing a de novo licence application, the Financial Times reported.
The fintech company believes a de novo banking license under the Trump administration will be faster than acquiring an existing bank, avoiding the need to maintain physical branches.
The integration allows users to buy crypto and have it sent directly to their Trust Wallet, a self-custodial app, giving them full control of their assets from the moment of purchase.
Revolut is growing its crypto offerings, including a recent partnership with Polygon Labs and a MiCA license to offer crypto services across Europe.
Revolut customers in the UK and non-European Union EEA countries can do crypto remittances in USDC, USDT, and POL.
Fintech giant gains CySEC approval to offer compliant crypto trading across 30 EEA markets under MiCA
Neverless lets everyday investors use automated recurring buys with up to 5x leverage to grow bitcoin holdings
The move could be a vote of confidence for London's financial center, and would make Revolut the first company to simultaneously list in New York and enter the FTSE 100.
The company had to restrict the majority of its crypto services for customers in Hungary earlier in July due to new legislation in the country being enforced.
The integration lets Revolut Pay users purchase crypto instantly without card-based payment hurdles
The London-based company is among a growing number of fintech firms leaning into faster, crypto-native payment systems.
Revolut is recruiting a general manager of crypto derivatives who will be tasked with taking a new related offering "from zero to scale."
The integration will offer users cheaper, faster transactions using Lightspark's payment infrastructure built on top of the Bitcoin-based Lightning Network.
The London-based fintech group's wealth revenue increased 298% from 127,139 pounds to just over £500 million in the full year 2024
Fintech unicorn Revolut launched its crypto exchange Revolut X on mobile app stores for both beginner and professional traders.
Pyth Network partners with Revolut to integrate digital asset data into DeFi, bridging the gap between TradFi and Web3.
The Revolut Pay enhanced due diligence API will be rolled out to crypto customers from start of 2025.
Revolut X’s expansion in the European Economic Area comes after Revolut debuted the crypto exchange in the United Kingdom in May.
Tens of thousands of traders have been using the bank’s crypto exchange in the UK, a spokesperson said.
Global fintech Revolut revealed it prevented millions in potential losses in the last three months, using its crypto-specific measures and transaction monitoring to tackle criminal activity as malicious actors continue to target the industry. Related Reading: How Bitcoin Is Propelling A Small Texas Town Into A New Economic Era: The Rockdale Story Revolut Prevents $13 […]
Revolut has been under fire as fraud complaints piled up in 2024, but the company has insisted it saved hundreds of millions in “potential fraudulent transfers.”