Seemingly a match made in heaven, Revolut the disruptive UK bank with over 15 million customers, has teamed up with Polkadot, the visionary blockchain technology that promotes interoperability at scale, to offer a listing of the DOT token on its app.
Revolut, which was founded in 2015 is the UK’s fastest-growing financial app, and has recently been made available to the US. It allows users to exchange money with no hidden fees, to send and receive 28 currencies in moments, to take control over their spending with in-depth analytics, and to withdraw from 55,000+ ATMs nationwide for free.
This super-app has been involved with offering the trading, buying, selling and storage of crypto assets since 2017. DOT is the latest token to be listed on the app, allowing users to perform transactions with this crypto asset in seconds.
Polkadot for the Transfer of Anything
Revolut facilitates the usage of mainstream cryptos so customers can use their debit or credit card to buy and exchange DOT. DOT is the native token of the Polkadot protocol, remarkable blockchain technology that enables transfers of any type of data or asset, not just tokens across a multitude of blockchains in the Polkadot network.
Polkadot ensures warp speed transactions across networks, which are safe and highly economical when compared to its competitors. It does this by spreading transactions across multiple parallel blockchains.
Developers can easily build their own custom blockchain within minutes by using the Substrate framework. Those who build using this framework can connect their custom chains to the entire Polkadot network, for increased liquidity.
Unlike Ethereum, Polkadot can be upgraded fast without the need for hard forks when upgrading or fixing bugs. It is this feature that ensures that Polkadot can readily adapt when better technology becomes available.
DOT, which is the token behind this ecosystem, is a popular cryptocurrency with a market cap of over $16,979,918,748 and a trading volume of $1,322,937,807 for the last 24 hours. DOT can currently be found on a huge list of digital and centralized exchanges including all the main players like Binance, Huobi, Bithumb and Coinbase.