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   177

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.

TON Launch to be Postponed to 30.04.2020

Investors, that are not happy with this fact, may receive 77% of their investments
17 October 2019   82

Telegram is ready to postpone the launch of the Telegram Open Network (TON) blockchain platform and suspend all operations with the Gram digital currency. At the same time, the company intends to challenge the lawsuit of the US Securities and Exchange Commission (SEC). The lawyers of Telegram notified the court of the Southern District of New York.

We had intended to launch the TON network in late October. However, the recent SEC lawsuit has made that timing unachievable. We disagree with the SEC’s legal position and intend to vigorously defend the lawsuit. We are proposing to extend the deadline date in order to provide additional time to resolve the SEC’s lawsuit and work with other governmental authorities in advance of the launch of the TON network.
 

TON Team

At the same time, CoinDesk reports that the project investors received a letter with information about the proposed transfer of the TON launch from late October to April 30 next year.

At the same time, the company must approve the decision on the transfer with investors. Each of the groups of investors who bought Gram tokens during two rounds of ICO will have to approve it separately.

Investors of the second round are invited to fill out the appropriate form before October 23. If the majority refuses to sign, they will be returned “about 77%” of the investment. It is reported that investors of the first round received a separate letter.

In the event that the majority still approves the launch transfer, Telegram plans to send another $ 80 million for the development of TON.