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Altfi news: Revolut launches cryptocurrency exchange tool


Revolut has recently added cryptocurrencies, including Bitcoin, Litecoin and Ethereum, to its currency exchange service. People can now buy these through the Revolut app. But while it gives users and investors easy access to alternative finance, there are some concerns, says Michel Rauchs, Research Assistant at the Cambridge Centre for Alternative Finance: “I’m a bit concerned because a lot of these people have no idea what bitcoin really is or how it works, and they tend to just see it as a speculative asset with really high returns on investment. You risk magnifying the impact of a crash that will come. There’s no reason to think that there won’t be corrections. It’s exactly these people who will get burned first.”

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