Revolut, a European neobank known for its crypto support, is planning to invest over 1 billion euro ($1.1 billion) in France and apply for a local banking license. During the Choose France business summit in Paris, Revolut representatives revealed their intentions to set up a new EU headquarters in Paris, hire at least 200 employees within three years, and invest significantly in the country. The neobank is also in the process of seeking approval from the French banking regulator to enhance supervision. With a goal to reach 10 million users by next year and double that number by 2030, Revolut has been experiencing rapid growth since its establishment in 2015. Additionally, the company has expanded its services to include loans, trading, and cryptocurrency support. With plans to obtain banking licenses in various jurisdictions, including India, Revolut is positioning itself as a major player in the fintech industry. Read more AI-generated news on: https://app.chaingpt.org/news