$SOL Revolut will invest 1 billion euros in France and apply for a banking license

According to PANews, the British financial services company Revolut has announced plans to invest 1 billion euros (approximately 1.1 billion dollars) in France over the next three years and apply for a French banking license. This announcement was made at the 'Choose France' conference held at the Palace of Versailles. As part of this expansion, Revolut will establish an office in Paris to manage operations in Western Europe, creating about 200 new jobs in France, where the company currently has 300 employees. Additionally, Revolut emphasized that Lithuania will continue to be an important hub for their operations in Europe.

In April, reports indicated that Revolut's profits for 2024 had doubled to 1.3 billion dollars, thanks to user growth and a resurgence in cryptocurrency trading.$XRP $SUI