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Revolut Partners with Polkadot and Launches “Learn to Earn” Feature
Published Jul 13, 2022 04:00PM ET
Updated Jul 13, 2022 05:00PM ET
Revolut Partners with Polkadot and Launches “Learn to Earn” Feature
A unicorn financial platform, Revolut, partnered with the Polkadot network to advance cryptocurrency education through the new “Learn to Earn” feature. The platform’s users will be able to receive crypto for learning essential topics about cryptocurrencies and blockchain.
Learning about Blockchain while Using a Financial App
As said in the press release, all of Revolut’s users will have access to the new functionality. They will be eligible to earn up to $15 for finishing the courses and passing the final exam.
The UK-based banking platform said that the Web3 Foundation, the creator of the multichain network Polkadot, worked with them to create this new feature. The rewards given to learners will be in DOT, the native cryptocurrency of Polkadot.
“There’s a huge appetite from our customers to learn more about cryptocurrencies. ‘Learn & Earn’ will help them better understand the trends, risks, and potential opportunities associated with crypto. Our collaboration with Web3 Foundation on Polkadot, one of the most popular blockchain networks, will help customers become more familiar with crypto concepts,” said Emil Urmashin, Crypto General Manager at Revolut.
Revolut says it offers two short courses at the moment. The first discusses the fundamental ideas behind cryptocurrencies and the blockchain technology that powers them. Moreover, the course covers topics related to hazards in the cryptocurrency market, as well as distinctions between cryptocurrencies and fiat money.
In the second course, Polkadot discusses how it “unites blockchains into Web3.” Also, it discusses DOT, Polkadot’s use cases, and essential network characteristics like governance and Relay Chain.
Revolut announced that it would keep growing its “Learn and Earn” program and introduce more courses to help enhance financial and crypto education.
Focus on Crypto
Revolut has previously ventured into the area of cryptocurrencies. When it offered Bitcoin, Ethereum, and Litecoin for trading in 2017, the company’s experience with cryptocurrencies officially began.
Revolut added support for XRP and Bitcoin Cash to their list of supported cryptocurrencies in 2018. The financial platform added 11 more cryptocurrencies to its list of offers last year, bringing the total to more than 20 tokens. Among those tokens adopted by Revolut are Cardano (ADA), Uniswap (UNI), Synthetix (SNX), Yearn Finance (YFI), Uma (UMA), Bancor (BNT), Filecoin (FIL), Numeraire (NMR), Loopring (LRC), Orchid (OXT), and The Graph (GRT).
Revolut became Britain’s most valuable fintech firm and one of Europe’s biggest fintech unicorns. The company is now worth $33 billion after a new $800 million investment round led by SoftBank’s Vision Fund and Tiger Global Management.
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