Crypto-friendly fintech startup Revolut has obtained a banking license in Lithuania, technology news outlet TechCrunch reported Dec. 12.

As the report states, the startup obtained a license through the Bank of Lithuania and “is leverage passporting rules to work in different European countries.” The mentioned “passport rules” are laws allowing the operation of banks that are a part of the EU free market on the territory of different member states.

In the coming months, Revolut’s users within the UK, France, Germany, and Poland are expected to induce a “true current account and a non-prepaid debit Card.” in addition, users’ deposits also will be lined up to €100,000 (about $113,500) below the EU Deposit Insurance theme.

About a year past, the startup additionally began to support cryptocurrencies. as per a post on the company’s support web log, Revolut presently lets its users “gain exposure to” Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin money (BCH) and Ripple (XRP).

TechCrunch additionally reports nowadays that “eventually, the startup expects to be ready to supply overdrafts and loans.” as per information contained within the article, Revolut’s user base generates $4 billion in dealings volume per month, which there are 8,000 to 10,000 new accounts opened per day.

As reported , once its funding round in April, Revolut became a supposed “unicorn,” at the time valued at $1.7 billion.

To know more on Cryptocurrency and Blockchain events, follow us on Facebook, YouTube,  Twitter, LinkedIn, Reddit, Telegram, BitcoinTalk, and we are also on Medium now.