80 million customers worldwide and no bank of its own in the USRevolut received conditional approval from the Office of the Comptroller of the Currency for a national bank charter. That is the first of four steps: the FDIC, the Federal Reserve and a final sign-off from the same regulator are still ahead.
The company plans to open the bank in 2027. Once every approval is in, it will be able to offer Americans loans and credit cards directly, hold insured deposits and open access to cryptocurrencies and dollar-pegged coins.
#project
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