UK neobank enables customers to buy and sell gold

Revolut users can just invest money depending on the price of gold

Revolut gold trade

UK neobank enables customers to buy and sell gold. Source: shutterstock.com

Revolut has introduced a new feature for its Premium and Metal users, allowing them to trade gold using the app.

Due to the collaboration between Revolut and London Bullion Market Association, the money spent on gold exposure is backed by real gold.

Besides, there are several ways Revolut Premium users can invest in gold. Firstly, they can buy gold at market price and set a limit price to auto-exchange it when it reaches a certain price. In addition to that, British neobank provides Metal customers with the ability to get cashback in gold.

Although, customers can convert their gold investment back into fiat currencies, as well as, crypto.

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