Revolut, a London-based neobank known for its crypto offerings, is setting sights on France by investing over 1 billion euros ($1.1 billion) and applying for a local banking license. The company’s expansion plans were announced during President Macron’s Choose France business summit in Paris. Revolut will also establish its new European headquarters in the city, promising 1 billion euros of investment and hiring at least 200 employees within three years. Revolut representatives are currently submitting an application to the French banking regulator, Prudential Supervision and Resolution Authority, as pressure mounts for a license due to its growing popularity in France.