With Neverless, the former Revolut aims to make meme money easy to buy

There is a sea of ​​meme money out there Dogecoinand a new initiation was called for No they want to make it easier to get started with crypto trading, especially in providing access to small tokens. This is an exciting new crypto startup, founded by three former executives at Revolut, the London-based fintech juggernaut.

Phuc Kuti he was the global director of Revolut, and was in charge of the company’s crypto project in 2021. Mikael Peydayesh he was head of basic payments at Revolut, and later became head of premium plans, and Arthur Johannet He was the head of the payment card for a while before going to lead the Revolut cryptocurrency department.

Although crypto exchanges have made it easy for new users for years, the trio believed it could be changed, so they teamed up to create a new app that makes cryptocurrencies possible.

Don’t let you buy more than 400 tokens from the app using Apple Pay or Google Pay. In addition to the most common cryptocurrencies, the founder chose to offer access to meme money and a small amount of money with a low turnover.

Buying these small tokens can be difficult, as you often need to find a crypto exchange that lists them. Alternatively, you can exchange tokens on a centralized exchange, which can be difficult if you don’t understand how distributed applications (dApps) work.

Also, there is a caveat when trying to buy tokens with low sales. Prices can vary from store to store, and there can be a wide spread between purchase and sale prices. Neverless says it can drive sales to the right dealerships to get its readers the best prices.

Another issue common people have is crypto trading and the money involved. Although technical people often look for good articles before buying crypto, and are ready to create another account, the main exchanges often use their opportunity to charge a fee if you want to just buy and sell crypto at the same time, without making a market. system.

Neverless pays no fees to buy and sell cryptos using bank transfers, blockchain transfers, Apple Pay and Google Pay. For transactions over $1,000 with Apple Pay or Google Pay, the startup charges 1%. Of course, things may change in the future as Neverless becomes more popular.

So how does the startup make money right now? For cryptocurrencies (BTC, ETH, DOGE, SOL, XRP and AVAX), Neverless creates an interest that is given to users. The company also offers marketing strategies which is associated with greater inequality and market creation. Neverless may take a portion of the returns that come from these giveaways.

The company has obtained MiFID authorization, which means that it is a regulated investment company in Europe. It should comply with the Markets in Crypto-Assets (MiCA) regulations when they come into effect in the coming weeks.

Earlier this year, the startup raised $6.7 million in a seed round led by Lakestar and Connect Ventures. Nordstar, Chad West, Dan Westgarth, Eamon Jubbawy, Xiao-Xiao and David Chreng also invested in the investment.