Revolut unveiled its first physical crypto card on Monday, a Dogecoin (DOGE)-themed debit card with an LED panel that glows when users tap to pay.
Revolut Dogecoin Card Rollout
The London-based fintech teased the product on X, framing the launch with the line "Might have dropped our first ever physical crypto card, idk." The card will work anywhere Visa and Mastercard are accepted.
The initial rollout covers the United Kingdom and the European Economic Area. Hungary, Switzerland, and Portugal are excluded at launch.
Revolut says there are no additional exchange fees, though purchases settle at the market rate at the point of transaction and may trigger a tax liability in many jurisdictions. The card converts crypto into the merchant's required currency automatically, and transactions are declined if the balance falls short.
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Crypto Card Adoption Climbs
Daily crypto card transactions have crossed 100,000 on multiple recent days, according to The Block's on-chain data, with the trend climbing since last year. Exchanges including Coinbase, Binance, and Crypto.com have all widened card availability.
Gemini has pointed to its card business as a meaningful revenue line, and stablecoin issuers along with self-custody wallets are starting to treat cards as a natural extension of their product stacks.
The shift signals that crypto rails are bending toward formats consumers already understand at checkout.
The Revolut launch arrives alongside a broader product cycle. Trust Wallet recently added Revolut Pay for token purchases, and the firm has paired with Mastercard on a US card rollout.
Revolut Banking Push
The card launch follows a steady expansion of Revolut's crypto and banking footprint. In Mar., the firm secured regulatory approval to operate a fully licensed bank in the United Kingdom, shortly after lodging a bid for a de novo banking license with the US Office of the Comptroller of the Currency. Last year, it embedded the Polygon (POL) network for remittances, staking, and in-app card payments.
On May 14, the Financial Conduct Authority granted Revolut Trading a Variation of Permissions covering leveraged products, discretionary portfolio management, and advisory services.
CEO Nik Storonsky has guided an initial public offering no earlier than 2028, with a target valuation between $150 billion and $200 billion. Revolut Business now serves about 767,000 customers, up 33% year on year.
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