Revolut launches educational courses on cryptocurrency in Australia to advance financial literacy
Revolut, the global financial superapp with more than 20 million customers worldwide, is taking another step forward towards its mission of bringing customers the best financial products and services to manage their money.
Revolut’s new ‘Learn & Earn’ courses have been created to help customers improve their knowledge of cryptocurrencies and related topics, including blockchains, and the most popular tokens and protocols. The courses are available to Revolut customers, who can earn up to $29 AUD in DOT tokens by taking these short and simple courses and passing the final quiz*.
‘Crypto Basics‘ is the first of the two courses and helps educate customers on what cryptocurrencies are compared to fiat money; the meaning of a ‘decentralised system’; cryptography; the mechanics of the blockchain technology; and the risks associated with crypto investments.
The second course is based on the multichain network Polkadot, and how it unites blockchains into Web3 - the decentralised internet. The course will use visual materials including interactive cards and videos to share key insights about Polkadot’s native token, DOT, as well as Polkadot’s use cases, Polkadot's governance system, and the Polkadot ‘Relay Chain’, the central chain used by the Polkadot network that allows specialised and public blockchain to connect in a unified network.
Emil Urmanshin, Crypto General Manager at Revolut, said: “There’s a huge appetite from our customers to learn more about cryptocurrencies. ‘Learn & Earn‘ will help them better understand the trends, risks and potential opportunities associated with Crypto. Our collaboration with Web3 Foundation on Polkadot, one of the most popular blockchain networks, will help customers become more familiar with crypto concepts.”
Matt Baxby, CEO of Revolut Australia, said: “We’re very excited to be adding another feature to our Financial SuperApp with the introduction of ‘Learn & Earn‘. This feature reaffirms our commitment to help educate our customers on both the risks and potential of cryptocurrency and blockchain technology so they can make informed decisions of their involvement in this space.“
Revolut plans to add more courses to ‘Learn and Earn‘ this year to enable more people to take better control of their finances and give them safe access to new tools and services.
Revolut offers a wide range of financial products and services through its financial superapp, and crypto is an increasingly popular feature.
There are several ways to buy and sell crypto on Revolut. Customers can set up a stop or limit order so they don’t have to time the market, or use the Recurring Buy feature to average out volatility. Customers can also roundup any spare change in a cryptocurrency of their choice. Customers can now invest in more than 30 cryptocurrencies on Revolut.
As part of our goal to be the safest place to trade, use and learn about crypto, Revolut makes it clear to customers that crypto tokens are volatile assets and prices can go down. Revolut believes in widening access to crypto and also recognises that it may not be appropriate for everyone, so the company encourages its customers to consider their own circumstances and do their own research before buying or selling. Customers should also be aware that cryptocurrencies are generally unregulated in Australia and significant risks apply.
