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Revolut Receives Central Bank of Brazil Authorization as Direct Credit Society

Revolut the global financial super app serving around 30 million customers worldwide has obtained approval from the Central Bank of Brazil to operate as a Direct Credit Society (SCD) . This authorization enables Revolut to expand its range of financial products and services facilitating its entry into the Brazilian market . With the authorization in place Revolut aims to unlock an economy without borders offering accessible and user friendly financial solutions that enable efficient money management . The company started with global accounts and cryptocurrency investments but sees this as just the beginning of its journey in Brazil . Revolut’s cofounder Nik Storonsky expressed excitement about the market’s potential and the opportunity to provide customers with a good banking experience .

Revolut Makes Strides in Brazilian Market with Authorization from Central Bank

Revolut, known for its user friendly financial services and cryptocurrency offerings such as Bitcoin (BTC) valued at R$132,023 and Ethereum (ETH) valued at R$9,022 has secured approval from the Central Bank of Brazil to operate as a Direct Credit Society . This regulatory thing marks a significant step forward for Revolut’s expansion plans in the Brazilian market . The authorization allows Revolut to expend its product and service offerings providing customers with an order of financial solutions that transcend traditional banking . With the aim of fostering an economy without borders, Revolut aims to empower its Brazilian users to manage their money efficiently and access global finance. The company’s cofounder Nik Storonsky emphasized that the launch of global accounts and cryptocurrency investments in Brazil is just the beginning as they strive to provide value and convenience to customers across many financial needs .

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