On December 30, 2020, RevoluGROUP Canada Inc. announced that they had officially launched the RevoluEX crypto exchange. According to the announcement, the launch took place ahead of schedule. RevoluGROUP is a publicly-traded Canadian company focusing on advanced technologies in various sectors such as blockchain, money remittances, mobile payment apps, alternative lending, and others. The companies flagship technology is “RevoluPAY,” which is a blockchain-powered multinational remittance app. The launch of RevoluEX will help the company further diversity in the emerging crypto space.
About The RevoluEX Exchange
The RevoluEX crypto exchange will allow RevoluPAY app users to convert their crypto coins directly into fiat. These fiat funds can be instantly deposited into the RevoluPAY E-Wallet upon conversion. The RevoluPAY app has a PSD2 license. It allows users to transfer funds directly to a bank account and use them at over 53 million VISA merchants and over 100 million ATMs globally using the RevoluPAY VISA card. Users can also use the card to buy goods and services at any of the firm’s revenue verticals.
All real-time crypto conversions are done via the Huobi exchange, which is compliant with international DCE standards. RevoluPAY processes all the fiat currency flows for the DCE affiliates for final credit to registered users of the RevoluPAY app or any Huobi affiliates. The RevoluGROUP expects the onboarding of partners to begin during the first two weeks of January 2021. Reciprocal promotional campaigns are expected to begin in February and beyond.
Expanding Its Reach Through RevoluEX
The Neobanking functionality of RevoluPAY will continue to expand into the financial sector with an expansion into the crypto sector with the launch of the crypto exchange. RevoluGROUP is launching the exchange in collaboration with Huobi, a leading DCE. The increased white-label use of RevoluPAY to handle payments will help grow the value of the company’s shares. It marks the company’s entrance into the crypto sector that is currently experiencing explosive growth.
RevoluPAY is the flagship Neobanking technology platform of RevoluGROUP. It is available for both Android and Apple devices. The app was built in-house. It features proprietary technology, with the source code being the company’s intellectual property.
The app comes with features such as forex, remittance payments, crypto-to-fiat exchange, hospitality, retail payments, real-estate payments, pay as you go phone top-ups, gift cards, online credits, utility bill payments, leisure payments, and much more. It has blockchain protocols built into it that are aimed at the global multi-billion-dollar open banking industry as well as the family remittance market that is worth over $595 billion.
The app is operated by RevoluPAY EP S.L., a wholly-owned subsidiary of RevoluGROUP, which is located in Barcelona, Spain. It has licenses from the European PSD2 payment institution 6900 and Canada’s FINTRAC. In total, RevoluGROUP operates five subsidiaries on four continents.
About RevoluGROUP Canada
RevoluGROUP Canada is a multi-asset publicly traded company located in Canada. It has deployed advanced technology in various sectors such as mobile apps, the banking sector, healthcare payments, esports, online travel, blockchain systems, and money remittances.
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