Last updated:
March 27, 2024 10:52 EDT
| 2 min read
Layer 1 blockchain Sui announced a partnership and collaboration with the banking service provider Revolut.
According to the press release shared with Cryptonews, the partnership aims to bolster awareness and adoption of blockchain technology among Revolut’s user base of 40 million customers globally.
It also wants to open “new avenues for Sui’s growth, particularly across Europe.”
Sui To Enter Revolut Learn
As part of the partnership, Sui will use Revolut’s Learn program and its educational content to educate “a relatively untapped” global audience of potential future crypto users at scale.
The participants will learn about SUI’s underlying technology and growing ecosystem.
Notably, the partnership will attract new users who want to explore the unique possibilities offered by blockchain technology’s possibilities.
Reaching a massive, international audience at once is “expected to help Sui maintain its blistering growth trajectory,” the announcement said.
Furthermore, it will assist the process of democratizing access to information about crypto and the use of the novel technology.’
Per Greg Siourounis, Managing Director of the Sui Foundation, “by joining forces with Revolut, we have a chance to introduce millions of users to Sui, […] which is providing the technological underpinnings that will enable businesses to build working solutions and empowering individuals to access those products and services seamlessly.”
Kotryna Baldovskaja, Crypto Global Business Development Manager at Revolut, added that by integrating Sui’s educational content into Revolut’s Learn program, “we aim to equip our users with knowledge about one of the most impressive technological breakthroughs we’ve seen in crypto and the countless opportunities that lie within the Sui ecosystem.”
Surpassing $700 Million in TVL
Meanwhile, Sui recently saw its Total Value Locked (TVL) surpass the $500 million milestone. And it climbed further.
As of March 27, its TVL stands at $703 million, according to DeFiLlama.
It has seen significant growth since the end of last year. On December 31, 2023, it stood at $212.88 million.
Source: DefiLlama
Meanwhile, the SUI token is up nearly 15% over the past 24 hours. At the time of writing, it’s trading at $2.07.
Its price appreciated by 30% in a month.
As for Revolut, earlier this month, the UK-based fintech partnered with the popular crypto wallet MetaMask, launching Revolut Ramp for users in the UK and European Economic Area (EEA).
Revolut Ramp enables users to on-ramp within seconds, it stated. Users can then purchase new coins directly into their MetaMask wallets using 18 fiat currencies or their bank cards.
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