Revolut, provider of a mobile finance app that offers crypto trading, has been granted a banking license from the European Central Bank.
The firm announced Thursday that the new license will ultimately allow it to offer users an account to manage all their finances from a single place through its upcoming venture Revolut Bank.
That vision is a little way off, however. The firm said it must first build and test the features to be offered, as well as work with regulators over the coming months. Services enabled by the new license will be trialed in Lithuania next year and will expand to other European markets later in 2019.