Ex-Revolut Team Makes Meme Coins Easy to Buy

Ever thought about diving into the world of meme coins but found it too complicated? Well, a new app called Neverless wants to change that. Founded by three former Revolut executives, this startup is on a mission to make crypto trading simpler and more accessible. Phuc To, who led Revolut's crypto project, teamed up with Mikael Peydayesh and Arthur Johanet to create Neverless. They noticed that while crypto exchanges have improved, there's still room for better user experiences. Neverless lets you buy over 400 crypto tokens using Apple Pay or Google Pay, right from the app. This includes not just the popular ones, but also meme coins and lesser-known tokens. Buying these smaller coins can be tough because you usually need to find a specific exchange or navigate decentralized exchanges. Neverless aims to make this process smoother by routing trades to the best platforms for the best prices. One big challenge with small-cap tokens is the varying prices and large spreads between buying and selling. Neverless wants to tackle this by seamlessly finding the best deals for its users. Additionally, many crypto trading platforms charge high fees for instant buys and sells. Neverless is different; it doesn't charge fees for transactions under $1, 000 using Apple Pay or Google Pay. For larger transactions, a 1% fee applies. So, how does Neverless make money? For certain cryptocurrencies like BTC and ETH, the company generates interest and passes it on to users. It also offers automated trading strategies like high-frequency arbitrage and market-making, taking a share of the returns. Interestingly, Neverless has secured a MiFID license, making it a regulated financial firm in Europe. This means it has to comply with upcoming regulations like MiCA. Earlier this year, Neverless raised $6. 7 million in a seed round. Investors like Lakestar and Connect Ventures saw potential in this startup's mission to simplify crypto trading.