How Revolut Plans to Become the Amazon of Banking

The video discusses Lithuania's emergence as a fintech hub due to its friendly regulatory environment, which attracts financial companies seeking licenses. It highlights the risks and opportunities associated with obtaining such licenses, including the need for more capital. The impact of cryptocurrency on user growth is examined, revealing it constitutes a small portion of the business. Plans for expansion into the USA are outlined, with a focus on competing with established companies like Robin Hood by offering superior products. The video concludes with a bold vision to become the 'Amazon of banking' through rapid product development and global expansion.

Why has Lithuania become an attractive location for fintech companies seeking licenses?

• Due to its geographical location

• Because of its high tax rates

• Because of its friendly central bank policies

• Due to its large population

What was the primary reason for the company to apply for a medical license?

• To reduce operational costs

• To expand into new countries

• To increase their cryptocurrency offerings

• To offer €100,000 protection on customer accounts

How significant is cryptocurrency to the company's overall business?

• It has no impact on the business

• It constitutes more than 50% of the business

• It is less than 5% of the business

• It is the primary driver of user growth

What is the company's strategy to compete with established firms like Robin Hood in the USA?

• Offering a limited range of services

• Providing a superior product range

• Focusing solely on cryptocurrency

• Reducing service fees to zero

What is the company's vision for its future in the banking industry?

• To focus only on cryptocurrency

• To be the Amazon of banking

• To become the largest bank in Europe

• To limit operations to 10 countries