Revolut to Expand to 24 New Markets

By the end of this year, the service will be available in eight countries and other will be added in 2020
30 September 2019   280

The British fintech startup Revolut has entered into an agreement with the payment giant Visa, under which it will begin work in 24 new markets, including in Russia. It is reported by Reuters with reference to the head of the Revolut Nikolai Side.

By the end of this year, the service will be available in eight countries, including the Russian Federation, Brazil, Japan and the United States. Revolut plans to enter the markets of Latin America and Asia in 2020.

According to Party, the expansion will depend on the regulators of different countries, from which it is necessary to obtain appropriate permits.

In partnership with Visa, the company plans to issue at least 75% of all cards.

Revolut expects that entering the global market will double or even triple the number of users. Now the company's customers are about 8 million people, and the total amount on deposits is more than 8 billion euros.

Revolut will employ up to 3,500 new employees to implement these plans.

Revolut cards allow you to exchange one currency for another without bank fees, converting funds at the average market rate.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   75

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."