Beta version crypto wallets by Robinhood initiating in the mid-January 2022. The Robinhood Crypto wallets allow the users to deposit and withdraw digital assets easily.
Beta Version Crypto Wallets By Robinhood Stock Trading App:
Robinhood is a stock trading app, announced recently to bring out its beta version of crypto wallet in January 2022.
A recent tweet explained that the Beta version of the new crypto wallet will be present to 10,000 users on the waitlist. That would have the authority to access the beta version of the crypto wallet in mid-January 2022.
Furthermore, they told that up to 1.6 million people were waiting for Robinhood’s crypto wallet. As it would make it easy for them to deposit and withdraw the dogecoin (DOGE), Bitcoin (BTC), Ether (Ether), and other digital tokens.
After its announcement in September, the crypto wallet has been passing through its testing phase. However, on November.22 it accomplished its alpha transfer using Dogecoin.
Operating Chief Officer Words:
The operating chief officer, Christine(hall) brown said that the beta version launch would be mainly focused on the security of users. Also spreading awareness about crypto transactions, and clearing concepts about network and gas fees.
Words By Christine (Hall) Brown:
While some say 2021 is the year that crypto went mainstream. Whereas the truth is that most people are still familiarizing themselves with the asset class and how to navigate the blockchain.
Moreover, she says,
“With the launch of wallets, we are thrilled to play a significant role in welcoming a broad range of investors to the crypto sphere for the very first time.”
Additionally, after the recent announcement, the stock price of Robinhood(HOOD) seems unshaken over the Nasdaq stock market. In July, first going in public, the stock has continuously declined from an all-time high price value of $70.39 on Aug. 4 to $17.03 at the time of writing, a drop of more than 75%.
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Note: This content is written for information purposes only. We are not any financial advisors. NFTs and Crypto investments have risks, So consult the experts and make decisions about your own choices.