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Revolut launches Polkadot 'Learn & Earn' course on staking

Source: Revolut

Revolut, the global financial super app with more than 27 million customers worldwide, is taking another step forward towards its mission to make crypto more accessible, with a fourth ‘Learn & Earn’ course.

In this second course with Polkadot, users will be introduced to the ins and outs of staking and have the ability to collect additional DOT, Polkadot’s native token, by staking directly in-app.

Polkadot was the first protocol whose token was made available through Revolut’s ‘Learn & Earn’, enabling customers to collect DOT tokens while learning about technology that underpins financial innovation. The new course is available to Revolut customers in the UK and EEA, who can get up to 8 GBP/ EUR in DOT tokens by taking these short and simple courses and passing the final quiz. The reward will be added to the user’s Revolut crypto balance after correctly completing the quiz, and then the customer can apply their new understanding by staking their tokens in-app.

The ”Polkadot Bonus” course consists of two lessons. The first explains the process of staking; the second lesson focuses on the multichain concept and multichain interaction. The content is based on visual materials including interactive cards and videos to share key insights about Polkadot’s native token, DOT, as well as Polkadot’s use cases.

Emil Urmanshin, Crypto General Manager at Revolut, said: “We are continuing to make the crypto world more accessible as the interest in cryptocurrencies and blockchain technology continues to rise. Millions of our customers have already completed our Learn & Earn courses so far.

“We believe that the only way customers can make informed decisions about their finances is by making sure that they have all the right tools to understand how crypto works. This is why we are very excited for our second course with Polkadot which provides customers with the opportunity to learn more about staking. Considering recent regulatory developments, we strongly believe that the timing for this course is right; customers will have the opportunity to understand what “on-chain” staking is, understand how it works and make sure that they feel comfortable to put their crypto to work and earn staking rewards on their balances. ”

Polkadot co-founder Robert Habermeier said: “We're seeing growing demand from consumers to learn more about crypto, and we're excited to build on the success of Revolut’s Learn & Earn program with this new staking course to continue to bridge the gap between Web2 and Web3. Staking is an important tool in the Polkadot ecosystem - it allows anyone to actively participate in the movement to build a better web by helping us to secure and further decentralise the network."

Revolut has recently launched the crypto Staking feature in-app which allows customers to stake Polkadot directly, putting their crypto balances to work at Revolut.

Millions of customers globally have completed a ‘Learn and Earn‘ lesson for the first time since the launch of the product in-app in July 2022. The impact of the feature was also acknowledged by the second edition of the Pulse Report, issued by the FinTech consultancy 11FS. Revolut ‘Learn and Earn’ was picked as a ”top cryptocurrency star” in 2022 for its ”fun and simple approach”. As the feature proved to be a real inspiration for the crypto-curious, Revolut plans to add more courses this year to enable more people to take better control of their finances and give them safe access to new tools and services.

How to buy and sell cryptocurrencies on Revolut?

Revolut Ltd, a company established in the UK, offers a wide range of financial products through its financial superapp, and crypto is an increasingly popular feature. In November 2022, Revolut announced that its crypto portfolio had almost doubled compared to the beginning of 2021, close to 100 tokens.

There are several ways to buy and sell crypto on Revolut. Customers can set up a stop or limit order so they don’t have to time the market, or use the Recurring Buy feature to average out volatility. Customers can also round up any spare change in a cryptocurrency of their choice.

As part of our goal to be the safest place to trade, use and learn about crypto, Revolut regularly communicates with customers that crypto tokens are volatile assets and prices can change quickly. Revolut believes in widening access to crypto and also recognises that it may not be appropriate for everyone, so the company encourages its customers to research the various cryptocurrencies and the risks and opportunities before buying or selling. Customers should review independent sources and learn the differences between tokens as well as considering their personal circumstances when buying or selling crypto. Cryptocurrencies are unregulated. Funds are not protected and their price is extremely volatile. Tax could be payable on gains.

Apps and services on Polkadot can securely communicate across chains, forming the basis for a better, fairer, decentralized web known as Web3. Polkadot offers the most secure, interoperable, and upgradeable technology for Web3 builders. Holders of Polkadot’s native token can help secure the network by staking DOT.

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