Revolut CEO Nikolay Storonsky explains why traditional banks cannot reproduce his fintech platform.

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Today we are talking about one of the most famous EMI banks in the world – Revolut.
We’re also sharing some breaking news about them!

We’ve already talked about TransferWise, another very famous EMI. Next to them, Revolut is probably the most known platform. Revolut is a European-based EMI, and they just announced the breaking news that they’re pulling out of Canada!
They’ve been expanding all over but now they decided to back off from Canada! This is unfortunate since Revolut is a great EMI.

Banking is getting harder and harder, so many people are turning to EMIs. They’re easy to use, they’re unlikely to turn you down, and they’re easy and fast to set up.

I’m personally a big fan of Revolut. They tend to have some restrictions, and it might be tougher to set up if you’re not a resident of Europe.

Revolut offers multi-currency accounts, super-fast, and easy transfers. If you’re in Europe you should definitely open a Revolut account.

Who are we and what do we do?

We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.

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Author: Michael Rosmer

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** Updated Revolut Guide for 2022 https://youtu.be/NXOv-QYocSg ***

In this Revolut banking app review and tutorial, I take you through some of the features and benefits of Revolut before jumping into the app. In the Revolut App, I show you how to add money, exchange, create a foreign currency account, and manage your account.

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