1 year ago
After a agelong long of lone offering Polygon (MATIC) successful its Web3 wallet, Robinhood shocks the crypto abstraction with its announcement that it is adding 2 salient cryptocurrencies, Bitcoin and Dogecoin, into its wallet offerings.
Dogecoin And Bitcoin Now Available On Robinhood Wallet
California-based fiscal services institution Robinhood has announced its caller listing of Dogecoin and Bitcoin successful its self-custodial Web3 wallet, Robinhood Wallet.
The press release comes arsenic a thrilling astonishment for cryptocurrency investors, arsenic users tin present person entree to BTC and DOGE tokens done their Robinhood wallets.
Responding to its users’ pleas, Robinhood Wallet revealed that it was adding Bitcoin and Dogecoin blockchains, which means it present supports a full of six blockchain networks, including Polygon, Optimism, Ethereum, and Arbitrium.
The fiscal services steadfast has besides launched a Web3 Browser which volition let its users to nexus their wallets straight to decentralized applications (dApps).
Christine Brown, Robinhood’s Head of Crypto spoke enthusiastically connected the recently added tokens successful the Robinhood Wallet. She stated that the 2 tokens were 1 of the astir salient cryptocurrencies successful the abstraction and the fiscal services steadfast looks guardant to its users to payment from trading and investing successful the recently listed cryptocurrencies.
“We’re excited to adhd Bitcoin and Dogecoin to Robinhood Wallet. These are 2 of the astir fashionable cryptocurrencies successful the world, and we’re gladsome to springiness our users the quality to store, send, and person them,” Brown stated.
Robinhood Crypto GM, Johann Kerbat besides welcomed the caller summation to the Robinhood wallet. He stated that the Robinhood wallet aims to facilitate adoption and trim the challenges faced by the DeFi ecosystem.
He explained that Robinhood volition proceed to fulfill its user’s needs arsenic it advances and improves its level with much unsocial features.
“With Robinhood Wallet, we stripped distant galore of the complexities of DeFi and the broader Web3 ecosystem, and reduced immoderate of the challenges and barriers to introduction for mundane people,” Kerbat said.
He added, “We’ve been truly encouraged by the adoption truthful far, and are excited to support gathering for our customers astir the satellite arsenic we vessel caller features and grow enactment for caller networks and tokens.”
Robinhood Wallet Adoption Poised For Increase Following In-App Ethereum Swap Feature
Earlier successful 2022, Robinhood launched a beta mentation of its crypto wallet and the request for the wallet was staggering, with implicit 2 cardinal users connected the waitlist. Currently, the Robinhood Wallet boasts hundreds of thousands of users based successful much than 120 countries astir the globe.
The Robinhood Wallet volition beryllium offering in-app swaps connected Ethereum for selected users, allowing them to commercialized their ETH for implicit 200 antithetic ERC-20 tokens disposable connected the platform. The wallet is presently disposable for each users successful the United States.
In a blog post, Robinhood described the caller Ethereum swapping diagnostic present disposable connected its Robinhood Wallet, saying:
“Unlike different wallets, users tin swap without holding Ethereum, and web fees are automatically deducted from the tokens they already hold, making it easier for everyone to get started and usage DeFi.”
The Robinhood Wallet is available for iOS users to commercialized and swap cryptocurrencies. The fiscal services institution besides antecedently listed USDC, its archetypal stablecoin, successful its portfolio, perchance closing the spread with the stablecoin’s large competitor, USDT.
Featured representation from PYMNTS, illustration from Tradingview.com
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