A technical glitch on Revolut briefly displayed Bitcoin's price at $0.02, causing panic among users of the fintech app. The error, which lasted from 7:45 to 7:50 GMT+1, was traced to a third-party data provider and affected multiple cryptocurrencies, including Ethereum and XRP. Despite the alarming notifications, major exchanges like Coinbase and CoinMarketCap showed stable prices, with Bitcoin trading near $79,000.
Revolut confirmed that the issue was isolated to its platform and did not impact user funds or trading activities. The company relies on external partners for market data, and the glitch highlighted the risks associated with such dependencies. The incident occurred shortly after Revolut secured a full UK banking license, amid ongoing regulatory scrutiny in various jurisdictions.
Revolut Glitch Shows Bitcoin at $0.02, Sparks User Panic
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