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These accounts let a company send and receive international payments more easily. The company recently announced that it was applying for a banking license in the U.K., In Europe, Revolut has a specialized license from the Bank of Lithuania — some customers are already moving their account to Revolut Bank. In the U.S.,
While Revolut has yet to obtain a banking license in the U.K. its home country), the company now has a full banking license in Lithuania. It can use this license across the European Economic Area through passporting rules , which means that Revolut could be considered as a bank in Europe.
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As the granddaughter of immigrants from Lithuania and Poland who spoke little English, I understand what its like to be treated as a stranger in America. government for Presidents Bill Clinton and Barack Obama on international conflict resolution, I have learned that compassion is a key ingredient of peacemaking.
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