Revolut will launch its own digital token as part of the development of a customer loyalty program. This was stated in an interview with The Block by the founder of fintech company Nikolai Storonsky.

According to him, the tokens will be distributed among Revolut users. He explained that the model is similar to the loyalty programs offered by airlines – the more often the customer uses the app, the more digital assets he receives.

“It will definitely be a stabilco’s. The goal is to make loyalty tradable,” said Storonsky.

The founder of the company also said that the cryptocurrency wallet he is developing will be unattended. After registration, the user will receive a seed phrase and a private key that will allow him to manage assets through any other application.

Storonsky revealed the details of the development of the crypto wallet in April 2022. He then noted that the service will support staking and landing functions of digital assets.

In his conversation with the broadcast, the head of the company announced that the wallet will operate as a standalone application and will be one of the options in the Revolut internal hub.

“Originally, we will launch the app on Ethereum, but will offer support for other networks in the future,” he added.

Storonsky did not disclose the timing of the project’s launch.

Recall that in May, online broker Robinhood announced the creation of a non-custodial Web3 wallet that will give users full control over the cryptocurrency and direct access to the DeFi and NFT segments.