Crypto neobank Revolut to invest $1.1B in France, apply for license

Revolut — a European neobank with crypto support — plans to invest more than 1 billion euro ($1. 1 billion) in France and apply for a local banking license. According to a May 19 Fortune report, Revolut representatives announced the initiative during the Choose France business summit hosted by President Emmanuel Macron in Paris on Monday. The London-based neobank also plans to set up its new European Union-serving headquarters in Paris, promising to invest 1 billion euro and hire at least 200 people within three years source: https://cointelegraph.com/news/crypto-neobank-revolut-to-invest-1-billion-in-france-apply-for-license?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound