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Revolut crypto courses attract 1.5 million users

Over one million people have completed Revolut's crypto education course in the first month since its launch, demonstrating a public appetite for the speculative asset class during times of rampant inflation.

  7 3 comments

Revolut crypto courses attract 1.5 million users

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Revolut’s new in app ‘Learn & Earn’ courses reward customers with Dot tokens for improving their knowledge of cryptocurrencies and related topics, including blockchains, and passing s final quiz.

The courses cover crypto basics and more advanced topics such as Web3.

So far, almost 1.5 million customers from 32 countries have completed the courses.

In Britain, where inflation is on course to hit 13% amind a cost-of-living squeeze, interest in cryptocurrencies is strong. Revolut says that the number of transaction Britons made in July alone grew by over 20% compared to the same month last year.

Revolut customers can invest in more than 80 cryptocurrencies on the Revolut app, with stop or limit orders and incorporated and recurring buy and spare change roundups as part of the package.

With Revolut still awaiting regulatory approval for its crypto offering in the UK, the firm is careful to stress that customers should consider their personal circumstances when buying or selling crypto as their funds are not protected, and their price is extremely volatile.

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Comments: (3)

A Finextra member 

Newsflash: giving people free money results in big numbers. No shit Sherlock!

A Finextra member 

I've done the course - part of it was educational around crypto generally, part of it seemed to essentially be an advert for & funnel customer interest towards a specific cryptoasset - DOT. Felt very leading towards an asset which the average consumer knows next to nothing about. Should this kind of thing fall inside the FCA's regulatory perimiter, they might be interested in looking at this and getting comfort it squares with expectations under current rules and the forthcoming Consumer Duty. 

A Finextra member 

I personally loved these crypto lessons. I wish other crypto apps encouraged people to learn about crypto, instead of just offering to buy/sell it. To mention here FCA is less than smart - you earn a little bit of free crypto for learning about crypto. No one is forcing you to take these lessons...but if you did decide to take theses lessons and passed them and earned crypto - you can sell it anytime and get cash for it. Simple.

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