Cryptocurrency-friendly online bank Revolut is collaborating with a major hardware wallet firm, Ledger, to expand crypto payment rails in specific European Economic Area (EEA) countries.

Revolut and Ledger jointly  announced  a new partnership on Aug. 14. The partnership aims to allow Ledger customers to buy and sell cryptocurrencies like Bitcoin ( BTC ) through Revolut’s on-ramp service, Revolut Ramp.

Revolut and Ledger wallet enable new crypto rails in EEA image 0

Source: Ledger

As part of the collaboration, Revolut will join Ledger’s crypto wallet application Ledger Live as an official buy provider in 27 EEA countries, including Bulgaria, Czech, Denmark, Ireland, Latvia, Malta, Switzerland and others.

Ledger and Revolut unite self-custody and crypto trading

The collaboration between Revolut and Ledger aims to further complete Ledger’s self-custodial wallets and simplify the process of buying cryptocurrency.

With the new integration, existing Revolut customers who have completed integrated Know Your Customer (KYC) checks can skip verification and checkout right away and buy crypto in seconds.

“With more people wanting to participate in the digital asset economy, self-custody will naturally become the focal point as they look to leverage the benefits of crypto,” the companies said in a joint press release, adding:

“Users will now be able to trade with Revolut, all while maintaining full digital ownership.”

Revolut Ramp also offers an integrated KYC process that non-Revolut customers can complete to pay with a Visa or Mastercard in a few minutes. Additionally, the integration introduces Revolut Pay as a payment method on Ledger, enabling instant payments online.

Revolut is the highest-valued fintech in the UK

Launched in 2015, Revolut is the largest fintech company in the United Kingdom, currently servicing more than 40 million customers worldwide.

In 2017, Revolut started providing cryptocurrency services , allowing its users to buy, sell and hold crypto on its online banking platform.

Related: Ledger CEO explains what makes a wallet secure as Ledger Flex launches

According to Revolut’s general crypto manager Emil Urmanshin, the company’s partnership with the Ledger wallet is the next step on its mission to “help people onboard Web3 securely and seamlessly.” He stated:

 “We're delighted to be working with Ledger, a leader in the self-custody space, as we further cement Revolut as the go-to financial app for crypto investors.”

Urmanshin mentioned that the new partnership is a testament to the success of Revolut Ramp, which launched in March 2024.

With Revolut Ramp, customers can purchase and deposit cryptocurrency directly into self-custodial wallets like  Ledger or MetaMask . Customers can also use their fiat currency balance, available in 18 currencies in their Revolut account, or pay with their Visa or Mastercard bank card.

Magazine: DeFi and Ethereum are the ‘new narrative’: Michaël van de Poppe, X Hall of Flame