Revolut Rolls Out Physical Crypto Card Across the UK and EEA

Revolut has introduced its first physical cryptocurrency card, launching on May 18 for customers in the UK and the European Economic Area, CoinDesk reported. The card is tied directly to a user's crypto balance and converts holdings into fiat automatically at the realtime exchange rate at the point of purchase. Merchants are paid in their usual currency. Revolut said the card can be used anywhere Visa and Mastercard are accepted, removing the need to manually cash out crypto before spending. The new card carries a Dogecoin-themed design with LED display effects. Revolut said it does not charge an additional exchange fee for card payments, though the final conversion depends on the realtime rate when the transaction is processed. Revolut also disclosed a per-transaction cap of £100,000 and a limit of up to 100 exchanges within a 24-hour period. The company positions the product as a step toward making crypto payments feel closer to a standard debit card experience. Tax remains a key friction point: in many jurisdictions, paying with cryptocurrency is treated as a disposal event, requiring users to track cost basis and any gains for frequent purchases. The launch follows recent regulatory and business milestones for Revolut. The firm received a full UK banking license in March and filed for a U.S. banking license in the same month. Last week, the UK's Financial Conduct Authority (FCA) approved Revolut to offer leveraged investment products, discretionary portfolio management, and advisory services. Revolut said it now has more than 70 million users globally. For the crypto payments market, the move signals that physical crypto cards are increasingly moving beyond crypto-native platforms and into broader retail financial networks. Further geographic expansion—particularly into the U.S.—could accelerate everyday crypto usage.