Revolut, OpenReserve Clear Hurdle in US Bank Approval for Crypto Plans

Revolut and OpenReserve have received preliminary US bank approval with plans to integrate cryptocurrency into their services.

According to a report, both fintech companies have made significant strides in obtaining banking licenses in the United States. Revolut has been expanding its global reach, while OpenReserve has been focusing on building a stablecoin-based platform.

The US Office of the Comptroller of the Currency (OCC) granted preliminary approval to both firms, allowing them to move forward with their plans for cryptocurrency integration.