$TAIKO listing on Revolut opens up 45 million new users to the first based rollup on Ethereum

This move further underscores Revolut's commitment to cryptocurrency support. With their safety-focused approach, Revolut's collaboration with Taiko speaks to the platform's standing as a trustworthy and much-needed scaling solution for Ethereum.

Financial super-app Revolut has begun listing the Taiko (CRYPTO: TAIKO) token, expanding accessibility to the first based rollup on Ethereum and its technology to 45 million users.

What Happened: Europe-based neobank Revolut is expanding its cryptocurrency offerings with the inclusion of the Taiko token. This move follows the broader narrative of bringing more efficient and scalable transactions to a mainstream user base.

“The presence of Taigo on Revolut validates the growing importance of Layer 2 based rollup solutions and puts this crucial technology in front of millions of potential users. Accessibility is key for broader crypto adoption, and working with a top fintech firm like Revolut is part of the process towards a greater understanding of Web3’s benefits. We’re excited to see how this increased availability will drive innovation and growth in the broader ecosystem,” said Terence Lam, Co-founder of Taiko.

This integration marks a significant step in bringing blockchain technology to a wider audience. It also underscores Revolut’s commitment to cryptocurrency support. With their safety-focused approach, Revolut’s collaboration with Taiko speaks to the platform’s standing as a trustworthy and much-needed scaling solution for Ethereum.

Visibility and ease of use are fundamental to onboarding and developing new audiences and communities for Web3’s technology. Layer 2 scaling solutions are an acknowledged additional need to create the full and thriving ecosystem of use-cases for everyday life that the community is working towards.

Taiko’s growth already reflects its community-focused development. It has surpassed 2 million daily transactions and over 210 million unique wallet addresses since its launch.

For more information about Taiko and its technology, visit taiko.xyz.

Why It's Important: In 2024, Vitalik Buterin, co-founder of Ethereum, highlighted the ideal technology for an Ethereum scaling solution: secure, fast, and decentralized.

Taiko, the first decentralized and based rollup, is designed to address the scalability challenges of the Ethereum network. Using Based Contestable Rollup (BCR) technology, it significantly reduces transaction costs and enhances security, providing a seamless and efficient user experience without compromising decentralization.

This is highlighted as the ideal technology for an Ethereum scaling solution, with Buterin recently recognizing it.

Taiko's token ( $TAIKO) is now available through the Revolut app in Revolut's operating markets.

About Taiko:Taiko, the first based Ethereum rollup, is designed to address the scalability challenges of the Ethereum network. By utilizing Based Contestable Rollup (BCR) technology, Taiko significantly reduces transaction costs and enhances security, providing a seamless and efficient user experience without compromising decentralization. For more information about Taiko and its revolutionary approach to Ethereum scaling, visit https://taiko.xyz/

About Revolut:Revolut is the financial super-app with over 45 million customers worldwide. Revolut has reimagined and redefined the way people interact with money by building innovative, customer-focused financial products and services, including its newly launched crypto exchange, Revolut X.