Bitstamp Limited: Bitstamp Partners with Revolut to Offer Instant In-app Conversion of Three Cryptocurrencies

Digital currency exchange facilitates instant conversion of fiat money to
cryptocurrency through app 

LONDON, 2017-12-07 16:03 CET (GLOBE NEWSWIRE) --
Bitstamp, a leading global digital currency exchange and the largest bitcoin
exchange in the EU in terms of volume, today announces that it will facilitate
transactions of three cryptocurrencies - bitcoin (BTC), litecoin (LTC) and
ethereum (ETH) - among customers of Revolut, the London-based "global banking
alternative." Through this partnership, Revolut users will be the first ever to
buy, sell and hold the three cryptocurrencies and instantly convert fiat money
to cryptocurrency within the app. 

Revolut customers will now be able to use the app for instant purchases of
cryptocurrencies via Bitstamp or transfer their bitcoin, litecoin and ethereum
to other Revolut customers instantly and for free. And in the event that
Revolut customers will hold no fiat currency in their account, Revolut will
dynamically convert any cryptocurrency the customer holds within the app when
using their card with the best possible rate. This innovation removes the many
steps involved in buying and selling cryptocurrencies, while also allowing
Revolut customers to keep track of all their transactions - both fiat and
cryptocurrency - all in one place. 

"Our partnership will enable Revolut users to have the same level of
functionality of BTC, LTC, ETH that they have with any of their other
currencies," said Bitstamp CEO Nejc Kodric. "The increase in liquidity, speed
and ease of use unlocked by this partnership are significant steps toward wider
adoption of cryptocurrency as the offering becomes more mainstream." 

Revolut chose Bitstamp as a partner due to the level of safety and reliability
that the exchange brings to every transaction, as well as its ability to
provide seamless conversions. Revolut users will not need a Bitstamp account to
perform transactions. 

"This is something that our customers have wanted for a long time," said Lewis
Tuff, Revolut's Chief Platform Engineer. "We think Bitstamp is the perfect
partner as we provide Revolut customers with the ability to convert fiat money
to cryptocurrencies, making the process much faster and much more accessible." 

About Bitstamp
Founded in 2011, Bitstamp is a leading global digital currency exchange and the
EU's largest in volume terms. Currently offering trading between BTC, ETH, XRP,
LTC, USD and EUR, the exchange favors caution over extravagance, care over
profligacy and quality over quantity. Bitstamp provides its individual and
institutional clients with an intuitive and engaging environment for trading
and custodial services. And with its focus on prudence and oversight, Bitstamp
is uniquely positioned to serve as a stepping stone between the traditional
financial and digital currency worlds. Safe, simple and secure to use, Bitstamp
always puts its customers first, which is why it gets the stamp of approval
from over a million traders throughout world. For more information about how
Bitstamp exchanges information, ideas and trust, visit www.bitstamp.net 

About Revolut
Revolut launched in July 2015 with a punchy mission: to turn the financial
banking sector on its head. With Revolut, users can set up an app-based current
account in 60 seconds, spend abroad in over 130 currencies with no fees, hold
and exchange 25 currencies in-app and send free domestic and international
money transfers with the real exchange rate. In just two years, London-based
Revolut has signed up over 1,000,000 users across Europe and processed 42
million transactions with a total volume transaction of $6.5B to date. Revolut
has raised a total of $90m from some of the most notable investors including
Index Ventures and Ribbit Capital. 

Media Contacts:

Frank Wolff, Uproar PR for Bitstamp: [e-mail], [phone]
Kaja Ribnikar, Head of Marketing, Bitstamp: [e-mail]
Chad West, Head of Global Brand & Communications l [e-mail]
Kiran Wylie, Communications Executive l [e-mail]
Natasha Bennett, PR & Communications Intern l [e-mail]