London-based neobank Revolut has officially announced the launch of its first physical cryptocurrency card, featuring a Dogecoin (DOGE) theme and integrated LED light function. According to BitcoinWorld, the card will be accepted at any merchant that supports Visa and Mastercard payment networks, marking a significant step in bridging digital assets with everyday spending. The card is scheduled for an initial rollout in the United Kingdom and the European Economic Area (EEA), with the exception of Hungary, Switzerland and Portugal. This product launch underscores Revolut's aggressive expansion into the digital asset space, positioning the company in closer competition with major crypto exchanges like Crypto.com, Coinbase and Binance, all of which have expanded their card services.
The card operates as a standard debit card with a Dogecoin-themed design, working with fiat currency balances in your Revolut account, not directly with cryptocurrencies. As reported by BitcoinWorld, the LED light feature is a design element that activates during contactless transactions, adding a visual novelty element to the card. For existing Revolut users, the card provides a tangible way to express their interest in cryptocurrencies without requiring direct crypto spending, lowering the barrier for those curious about crypto culture but not yet ready to invest. While Revolut stated it will not charge additional exchange fees for these transactions, payments remain subject to real-time exchange rates and potential tax liabilities. The company emphasizes that crypto card payments are subject to the exchange rate at the point of transaction, with paying with a crypto card considered a disposal of cryptoassets and tax may be payable.
Revolut has outlined specific payment parameters for the new crypto card, including a 100-exchange cap over 24 hours, an ATM withdrawal limit of £3,000 or currency equivalent per day, and a £100,000 or currency-equivalent spending limit per transaction. According to Revolut, the card works like a debit card linked to a user's crypto balance, with customers able to create virtual cards in-app or order physical cards, then link them to selected crypto Pockets or all crypto balances. When a purchase is made, Revolut automatically exchanges the crypto needed into the merchant's required currency at the point of transaction. If the account does not hold enough crypto to cover the payment, the transaction is declined rather than funded through credit. This structure makes the card closer to a crypto-funded debit product than an onchain payment rail, with merchants receiving normal card settlement currency while the customer's crypto balance is converted behind the scenes.
The card launch comes as Revolut reported record profits of $2.3 billion on $6 billion in revenue for 2025, driven by a 67% surge in subscription income to $936 million and a 45% increase in card payment revenue totaling $1.3 billion. The company also achieved a 230% increase in its U.S. customer base, aligning with reports that the FinTech is targeting an eventual IPO valuation between $150 billion and $200 billion. CEO Nik Storonsky has indicated that a public listing is unlikely to occur before 2028, citing the necessity of established trust for public financial institutions. This financial momentum supports Revolut's broader expansion strategy, including securing a United Kingdom banking license in March and pursuing a de novo banking license in the United States, which analysts suggest could eventually support the launch of a compliant stablecoin.
The card launch coincides with significant industry growth, as daily crypto card transactions have trended upward since last year, recently exceeding 100,000 on several occasions, according to The Block. This product launch underscores Revolut's clearance brings investment, advisory, and portfolio management under one Revolut app. The company has also launched a £500,000 deposit threshold UK private bank planned for summer launch, targeting mass-affluent clients between retail apps and traditional houses like Coutts. The regulatory environment has been supportive, with Cyprus regulators issuing an authorization valid across the European bloc for Revolut's card operations, while the FCA granted Revolut Trading a Variation of Permissions covering leveraged investment products on May 14. The company emphasizes that initial supplies may be limited, indicating strong consumer demand for the product.
