Revolut launched Revolut Chat. Is it a Super App now? 🤔; JPMorgan, DeFi, and the future of finance 💸; NFT lending as the next BIG thing in non-fungibles? 🤑
FinTech is Eating the World, 4 November
Hey Everyone,
TGIF! Today’s issue is like a cherry on top of a super exciting week 🍒 We’re looking at Revolut which launched Revolut Chat. Is it a Super App now? (no, and I will explain why), JPMorgan, DeFi, and the future of finance (& why the future is now and it’s being built with DeFi), and NFT lending as the next BIG thing in non-fungibles (why it makes sense & could be huge). Let’s jump straight into the interesting stuff:
Revolut launched Revolut Chat. Is it a Super App now? 🤔
The launch 🚀 UK-HQed FinTech heavyweight Revolut has launched an instant messaging feature for customers in the UK and EEA. It’s yet another feature in the digital banking app’s quest to become a Super App.
More on this 👉 Embedded in the Transfer section of the app, using Revolut Chat customers can start up conversations with any of their contacts without having to open multiple windows.
The instant messaging feature can only be used between users who both have UK or EEA accounts, and have their phone numbers or payment history.
On the security front, all chat messages have end-to-end encryption, and customers are able to opt-out of the chat function should they not wish to use it. Additionally, users can block other users. Seems like Facebook Messenger, right?
The key question 🔑 So does this make Revolut a Super App? No. Here’s more on this + the takeaway (plus a bonus read on why Twitter can become the Super App PayPal, Klarna, and Revolut always dreamed of):