LONDON — Revolut has launched its first physical cryptocurrency debit card, expanding the financial technology company’s push into digital assets as crypto-linked card usage continues to grow worldwide.
According to Revolut, the new debit card features a Dogecoin-themed design and includes an LED display that activates during contactless payments. The card can be used anywhere Visa and Mastercard are accepted.
Revolut said the product will initially be available to customers in the United Kingdom and the European Economic Area, excluding Hungary, Switzerland and Portugal.
No Exchange Fees
The company said in a post on X that it will not charge additional exchange fees for purchases made using the card, although transactions remain subject to real-time exchange rates and potential tax obligations.
The launch comes amid increasing activity in crypto-linked payment cards. Revolut cited reporting and data from The Block showing daily crypto card transaction volumes have risen steadily since last year, with transaction counts recently surpassing 100,000 on several occasions.
Part of Broader Expansion
According to Revolut, the card launch is part of a broader expansion into digital assets and financial services.
The company recently integrated the Polygon blockchain network to support remittances and staking services. Revolut also secured a United Kingdom banking license in March and is pursuing a de novo banking license in the United States.
Industry analysts cited by Revolut said a U.S. banking charter could eventually position the company to introduce a regulated stablecoin product.
The move places Revolut in more direct competition with crypto exchanges including Crypto.com, Coinbase and Binance, all of which have expanded card offerings as digital asset firms seek additional sources of recurring revenue.
Company Performance
Revolut said it posted record profits of $2.3 billion on $6 billion in revenue during 2025. The company attributed the performance to a 67% increase in subscription income, which rose to $936 million, and a 45% jump in card payment revenue to $1.3 billion.
The company also reported a 230% increase in its U.S. customer base during the year.
According to Revolut, the company is targeting a potential future IPO valuation of between $150 billion and $200 billion, substantially above its most recent private valuation of approximately $75 billion.
