BlockBeats news, on May 19, according to Cointelegraph, Revolut plans to invest over 1 billion euros (approximately 1.1 billion dollars) in France and is applying for a local banking license.
A representative of Revolut announced this plan at a business summit hosted by French President Macron in Paris this Monday. The London-based new bank also plans to establish its new headquarters in Paris to serve the EU market, promising to invest 1 billion euros over three years and hire at least 200 people.