Revolut today announces that it has added Palladium and Platinum to the list of commodities in its portfolio for all of its European, Swiss and UK customers.
In 2023, Revolut intends to continue its expansion of activity while consolidating the sectors in which it already has a good reputation among the most initiated. The neobank announced at the beginning of the year that it wanted to offer its customers the opportunity to diversify their portfolio by introducing two new elements into its catalog of rare metals intended for speculation and exchange: platinum (XPT) and palladium ( XPD). These complete a catalog made up of gold (Au) and silver (Ag), which have enjoyed some success since their introduction in March 2020.
Heavy metals, a safe exchange value
Unlike the crypto market, which regularly finds itself the victim of its own unbridled speculative bubble, metals are rather safe investments, whose values vary little over time. Revolut makes it easy to invest, store and resell its metals by ensuring safe storage by a specialist precious metals partner. As with gold or silver, platinum and palladium can be transferred from one Revolut customer to another via the Revolut app, or instantly traded into cryptocurrency or e-money to make purchases.
Remember that like investing in cryptocurrencies, investing in precious metals is also guaranteed for all Revolut Standard, Plus, Premium and Metal customers directly via the Revolut application.
This new value addition complements a strategy aimed at eliminating the barriers associated with financial products traditionally inaccessible to the general public. This also follows the addition of 30 fiat currencies and nearly 100 cryptocurrencies that customers can buy, hold and sell in the app.
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