Revolut launches business offering in Australia, seeks banking license

” The multi-currency organization accounts kicked off this week, with Revolut making it possible for users to carry out up to 75,000 AUD ($ 49,950) worth of foreign currency exchange per month.Revolut business account information. Source: RevolutThe accounts come with physical and digital cards, real-time costs reports, and allow several users to handle them.According to James Gibson, the general manager of Revolut Business, the firm has actually observed a significant amount of demand from Australian little to medium business which look for greater global payment solutions. Related: Aussie crypto exchange kicks off US expansion despite regulatory threat The relocation adds to the individual accounts it already provides in Australia, which apart from supplying conventional international transfers and financial services, likewise provide access to stock, crypto and commodity investing.Cointelegraph reported on April 23 that Revolut had actually partnered with crypto tax option providers Koinly to enable users to integrate their transaction history with Koinly and accelerate tax calculations.Revolut crypto service information.