Revolut to offer crypto services in UAE
UK headquartered Revolut, a global financial application, with over 60 million customers has posted a job announcement for a “Crypto Technology Manager” for UAE. This comes months after it received its in-principle approval for Stored Value Facilities and Retail Payment Services licenses from the Central Bank of the UAE.
At the time Revolut noted that this was a significant achievement signaling Revolut’s plans to launch in the UAE, with the aim of offering a comprehensive product experience to retail customers.
The Crypto Technology Manager will work with local regulator to support crypto expansion in UAE
The job post notes that the Crypto Technology Manager is part of the technology team which builds the systems and experiences that keep Revolut moving forward. The opportunity claims, ” We’re looking for a Technology Manager to support our crypto expansion in the UAE, focusing on technology risk, operational resilience, and regulatory readiness.”
The Crypto Technology Manager will work not only with Revolut’s internal engineering, product, operations and compliance teams but with local regulators as well to ensure their crypto platforms operate in line with UAE regulatory requirements.
The role entails implementing and maintaining a technology and operational risk framework for crypto activities in the UAE, ensuring compliance with ICT regulations and requirements, and supporting crypto licensing and regulatory engagement with local authorities (e.g., Central Bank of the UAE, VARA, DFSA, FSRA).
Ofcourse the candidate has to have experience in financial services, fintech, crypto/digital assets, and knowledge in blockchain domain.
Currently, Revolut allows users to buy, sell, and hold over 175 cryptocurrencies directly within its app, offering features like instant exchanges, automatic “round-up” investing, and advanced trading via the specialized Revolut X platform. It recently partnered with Trust Wallet to offer enhanced, low-fee purchasing options for users.
Revolut plans to expand into 30 markets by 2030 and add 10,000 jobs
In November, Ambareen Musa, Head of Revolut in UAE noted Revolut is in “day zero build mode” in the UAE, completing governance and licensing requirements and hopeful for an upcoming launch subject to regulatory approval.
The expansion in the MENA region is part of their strategy to serve 100 million customers by 2027, and Revolut as such aims to enter 30 new markets by 2030. Revolut committed $13 billion in investments over the next five years to accomplish this while creating 10,000 jobs globally.
This includes significant funding for established and high-growth regions, such as a $4bn commitment to the UK, $1.2bn) for its Western Europe hub in France, and $500m to accelerate its operations in the US. The investments will also drive further growth in other European markets as well as launches in new markets across Latin America, APAC, and the Middle East.
