Robinhood has announced it has granted access to a crypto wallet to all eligible users on its waiting list. This eligible group represents over two million of its customers. The move is big news for these Robinhood users as they can now do more with their crypto.
Before the release of crypto wallets, these Robinhood customers could buy and sell crypto on the platform, but as The edge Remarks, they have found it difficult to actually spend their crypto on things like NFTs or make other purchases with their digital assets. With the Robinhood wallet, they can manage their Robinhood account more like a regular checking account — they can swap crypto in and out (through buying and selling), but now they can also spend crypto on products that use the crypto in their account.
However, certain Robinhood customers have been banned from the wallet party for now. Robinhood says its users in the states of Hawaii, Nevada, and New York aren’t yet given access to a wallet due to local regulations.
Other features of Robinhood crypto wallets include the ability to scan QR codes to send crypto, mandatory 2FA, and the ability to see the crypto’s estimated US dollar value before paying with it.
https://www.fastcompany.com/90739569/robinhood-crypto-wallet-2-million-customers-can-now-do-more-with-their-coins?partner=feedburner&utm_source=feedburner&utm_medium=feed&utm_campaign=feedburner+fastcompany&utm_content=feedburner 2 million customers can now do more with it