Revolut Bets on Faster US Approval Amid Shifting Regulatory Winds

[madmax]

Revolut executives have long signaled their ambition to become a licensed US bank, citing speed and regulatory clarity as key factors. The company is now reportedly betting that a more crypto-friendly, deregulatory stance under the Trump administration could accelerate approval timelines compared to acquiring a community bank — a route that could have required maintaining costly physical branches.

While Revolut still awaits a full banking rollout in its home market after receiving a restricted UK license in 2024, the fintech has continued securing approvals abroad, including banking licenses in Colombia and Mexico and a MiCA license in Cyprus. The US push underscores Revolut’s aim to position itself as a truly global digital bank, with crypto services playing a central role in that expansion.

[cryptobro]

curious how the us rollout will affect their european operations. will they keep uk license restrictions while scaling abroad?