What: A debit card now allows customers to perform their payments in cryptocurrencies.

Why it is important: Even though the model is unclear, retailers should be aware of their customers’ evolving needs and expectations when it comes to payments, especially the ones with their own credit card program.

Revolut, the “easy banking” app, adds a new feature coming on top of already all the specific elements its credit card already allowed customers to do (such as buying crypto directly or trading gold), as customers are now allowed to pay in crypto via their credit card simply by tweaking parameters in their app.

It is not clear from the article if this feature is ‘transparent’ for the retailer, however this move is an additional step towards democratization of payments via crypto, even though cryptocurrencies are currently out of favour.

Revolut adds crypto spending feature to debit card