Revolut Waits Six Months for US Bank Charter

CryptoSlate posted that Revolut has waited nearly six months for a US bank charter. The account states narrower crypto trust banks advanced during this period. It claims Revolut seeks deposits, lending and payment rails backed by FDIC insurance. Most crypto approvals stop at custody and stablecoins, the post adds. The linked source carries the headline Revolut hit by Washington crypto boom illusion, exposing massive two-tier banking system. The article summary notes Revolut’s pending application spotlights the OCC’s pipeline of crypto and fintech charter bids.