Revolut Launches Physical Crypto Debit Card Amid Rising Transaction Volume

Revolut unveiled Monday (May 18) its first physical cryptocurrency debit card, a move that follows a notable increase in industry-wide card usage and transaction volumes. According to reporting and data from The Block, daily crypto card transactions have trended upward since last year, recently exceeding 100,000 on several occasions.

The new card features a Dogecoin-themed design and an integrated LED display that activates during contactless transactions. Compatible wherever Visa and Mastercard are accepted, the card will initially be available to customers in the United Kingdom and the European Economic Area, with the exception of Hungary, Switzerland and Portugal. While Revolut stated in a post on X that it will not charge additional exchange fees for these transactions, payments remain subject to real-time exchange rates and potential tax liabilities.

This product launch underscores Revolut’s aggressive expansion into the digital asset space. The firm recently integrated the Polygon network to facilitate remittances and staking. Beyond its crypto offerings, Revolut is scaling its core banking operations, having secured a United Kingdom banking license in March. The company is also pursuing a de novo banking license in the United States, a move analysts suggest could eventually support the launch of a compliant stablecoin.

The move puts Revolut in closer competition with major crypto exchanges like Crypto.com, Coinbase and Binance, all of which have expanded their card services as digital asset firms seek more stable revenue drivers.

Revolut reported record profits of $2.3 billion on $6 billion in revenue for 2025, a performance largely propelled by a 67% surge in subscription income to $936 million and a 45% increase in card payment revenue totaling $1.3 billion. This financial momentum, which included a 230% increase in the firm’s U.S. customer base, aligns with reports that the FinTech is targeting an eventual IPO valuation between $150 billion and $200 billion.

While these internal valuation targets represent a significant leap from the company’s recent $75 billion private valuation, CEO Nik Storonsky has indicated that a public listing is unlikely to occur before 2028, citing the necessity of established trust for public financial institutions.