According to Reuters, Revolut's Western Europe CEO Béatrice Cossa-Dumurgier stated that the company aims to obtain licenses in France and the U.S. by 2026 to expand its loan and localized savings product offerings, accelerating competition with traditional banks. The report mentions that Revolut has committed to investing $1.1 billion in France for expansion. While it currently provides banking services in the EU under a Lithuanian license, securing local regulatory approval in countries like France is seen as a key step toward obtaining a U.S. license. Additionally, the company was fined $13 million by Italian authorities in early April for allegedly misleading statements related to its investment services. Revolut is reportedly planning to appeal the decision. https://(wublock123.com)/news/revolut-seeks-france-us-licenses-shifts-from-crypto-fees-to-banking-expansion-59991