1.5 million individuals took Revolut’s crypto course in the first month
Revolut, a UK-based challenger bank, has reported that its crypto learning platform has attracted almost 1.5 million users in less than a month since its inception.
Finextra announced on August 11 that Revolut’s ‘Learn & Earn’ platform had been employed by students from at least 32 nations.
Despite the worldwide market drop in 2022, the bank reports a growing desire to learn about cryptocurrencies.
Notably, Revolut created a feature on its financial app that allows users to earn crypto prizes while learning about cryptocurrencies and blockchain technology. In addition, the platform includes tests that users must pass.
Revolut claimed during the July introduction of the courses that clients may earn up to $15 for finishing the learning materials. The platform was released in collaboration with the Web3 Foundation of Polkadot’s multichain network, with prizes in DOT tokens.
Revolut started with two brief seminars explaining cryptocurrencies’ fundamentals and the underlying blockchain technology. In addition, learners may interact with information about the distinctions between cryptocurrencies and fiat cash and the hazards associated with the crypto market.
The neobank noted that despite the market drop, crypto transactions in the United Kingdom increased by more than 20 percent compared to a year earlier.
Revolut to grow cryptocurrency company
Since introducing cryptocurrency services, the organisation has attempted to enter several worldwide marketplaces. Over the next six months, Revolut plans to increase its crypto staff by 20% throughout Europe, the United Kingdom, and the United States.
The employment strategy complements Revolut’s positive stance on cryptocurrencies, given that the market sell-off has affected most companies. In response to the market meltdown, for instance, the cryptocurrency exchange Coinbase froze recruiting and laid off a portion of its staff. Following the market drop, crypto loan companies Celsius and Voyager Digital have filed for bankruptcy.