International Finance
Currency Featured

Cryptocurrency market to witness boom again

Customers who complete Revolut's new in-app 'Learn & Earn' courses and pass the final quiz are rewarded with Dot tokens.

Revolut’s cryptocurrency education course, which was launched recently, has been completed by over 1.5 million people in the very first month itself. This only goes on to indicate that the public thirst for the speculative asset class during periods of raging inflation.

Customers who complete Revolut’s new in-app ‘Learn & Earn’ courses and pass the final quiz are rewarded with Dot tokens for expanding their knowledge of cryptocurrencies and related subjects, such as blockchains.

Basics of cryptocurrency are covered in this course along with more sophisticated material like Web3. The courses have already been completed by nearly 1.5 million students from 32 different countries.

The demand for cryptocurrencies is very high in Britain, where the cost of living is increasing and inflation is expected to touch 13%. Revolut reports that over 20% more transactions were made by Britons in July alone than they were in the same month last year.

Customers of Revolut have access to more than 80 cryptocurrencies for investment on the Revolut app, along with stop or limit orders, integrated and periodic buys, and spare change roundups.

Revolut is cautious to emphasise that consumers should evaluate their specific circumstances while purchasing or selling cryptocurrency as their assets are not safeguarded and their price is extremely volatile.

The company is still waiting for regulatory permission for its cryptocurrency business in the UK.

Are Cryptocurrencies worth it?

Like the years preceding, you could get filthy rich investing in crypto in 2022. You could also lose everything you ever owned. Crypto coins are high-risk, high-reward assets. There are thousands of blockchain technologies competing; most will fail, some are scams, and a few will come out on top.

Everyone knows the explosive rise of Bitcoin since its inception in 2008. An asset worth USD 135 in 2013 rose to over USD 65,000 in 2021 before falling to USD 30,462 as of May 23, 2022. Ethereum also had a meteoric rise to the second most valued crypto coin. From January 2021 to January 2022, the cryptocurrency market rose from USD 767 billion to USD 2.4 trillion.

In May, the recent market crash (crypto and stocks) has left investors wary of high-risk assets, but there are still many who are urging enthusiasts to buy the dip.

What's New

Business Leader of the Week: Meet Leonid Mikhelson, CEO of Russian energy giant Novatek

IFM Correspondent

Saudi Arabia & Australia trade deal: All you need to know

IFM Correspondent

IF Insights: Will BoE react to plummeting UK inflation with rate cuts?

IFM Correspondent

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.