Revolut to Enable Customers to Use Crypto Balances for Everyday Purchases

​Digital banking firm Revolut is adding a crypto spending feature that will enable customers to use their crypto balance to pay for everyday purchases using their Revolut card.

The service will be available starting on Nov. 1, and for a limited time, customers will also be able to earn 1% cash back on all their crypto balance spent, according to a company notice.

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Revolut's new feature comes after the U.K.-based firm won registration from that country's Financial Conduct Authority to offer crypto services in the U.K. following a lengthy wait to gain approval.

The platform offers in-app trading of more than 30 digital currencies for its more than 20 million personal users, according to its website.