Revolut Launches First Physical Crypto Debit Card in UK and EEA

Revolut has launched its first physical cryptocurrency debit card, featuring a Dogecoin-themed design and an integrated LED display that activates during contactless payments. The card was announced Monday and will initially be available to customers in the United Kingdom and the European Economic Area, excluding Hungary, Switzerland, and Portugal.

The card functions as a standard debit card linked to users' cryptocurrency balances within the Revolut app. It is accepted wherever Visa and Mastercard payments are processed. When making a purchase, the system automatically converts the user's crypto holdings to fiat currency at the real-time exchange rate at the point of transaction. Revolut stated there will be no additional exchange fees charged for these payments, though transactions may create tax obligations depending on local regulations.

This product launch coincides with a broader expansion of Revolut's digital asset and banking services. The company recently secured approval to operate as a fully licensed bank in the United Kingdom in March. It is also pursuing a banking license in the United States. Earlier last week, Revolut Trading received regulatory permissions for...