Fintech leader defends crypto as innovation, not illusion.
The CEO of Revolut, one of the world’s leading mobile-only banks, has dismissed skepticism around Bitcoin, calling it “definitely not a fraud.” His remarks come as traditional financial leaders continue to debate the legitimacy of cryptocurrencies amid market volatility and shifting regulation.
Revolut’s stance matters: as a regulated digital bank with millions of users worldwide, its crypto integrations and trading tools influence how mainstream consumers engage with digital assets.
What the CEO Actually Said
The Revolut chief argued that Bitcoin’s underlying technology—blockchain—has already proven its durability and utility, despite speculative cycles and media hype. He emphasized that Bitcoin, unlike early Ponzi schemes or token scams, operates on transparent, decentralized infrastructure maintained by a global network.
“Bitcoin isn’t a get-rich-quick scheme; it’s a new form of digital property. People confuse price volatility with fraud, but that’s not the same thing,” he said during a recent fintech forum.
Why Revolut’s Position Matters
Revolut has become a gateway to crypto investing for millions of retail users. Its crypto wallet allows seamless conversion between fiat currencies and digital coins. By publicly backing Bitcoin’s legitimacy, Revolut reinforces its brand as a bridge between traditional banking and decentralized finance.
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User trust: Statements like these help build confidence among cautious users.
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Regulatory signaling: It shows fintechs are aligning with compliance while still innovating.
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Market integration: Banks that embrace Bitcoin early can capture both transaction volume and user loyalty as adoption grows.
Context: Not Everyone Agrees
Skeptics point to crypto’s volatility, environmental footprint, and use in speculative trading. Regulators across the U.S. and Europe continue tightening oversight. Still, Revolut’s argument echoes a broader trend: mainstream fintechs are treating Bitcoin less as a bubble and more as an asset class in maturation.
The Bigger Picture
As central banks pilot digital currencies (CBDCs) and institutions explore tokenized assets, comments like these hint at a new era where crypto and banking coexist rather than compete. Revolut’s endorsement signals that Bitcoin has moved beyond the fringe—it’s part of global finance’s future conversation.
