The well-known stock trading program that goes by the name Robinhood has just made an announcement. It now offers a tool that allows users to store their funds digitally, known as the Robinhood Wallet.
The company recently announced that its wallet now supports Shiba Inu (SHIB) in addition to Ethereum (ETH). It allows users to easily store and manage their SHIB and ETH on the platform itself.
This enables users of the Robinhood app to purchase, sell, and hold the above cryptocurrencies from within the app itself.
Both SHIB and ETH are moving in the right path by doing this because it will make their respective services more available to the general public. Accessible to a larger number of people in an easy-to-use manner.
It is crucial, however, to keep in mind that the value of cryptocurrencies can be quite volatile. Remember this and that the importance of cryptocurrencies is subject to sudden and consistent shifts.
Conducting one’s research is an absolute must before investing. In the Bitcoin market and factoring in the level of danger you are ready to expose yourself to.
Assistance with the Ethereum decentralized network. The Robinhood wallet now supports ERC-20 tokens and previously supported tokens.
Robinhood announced that it was launching the beta version of its Web3 wallet in September 2017. It was permitting 10,000 clients who are currently on the waiting list to take part in the testing phase of the wallet.
Robinhood Wallet Lets Users Trade and Acquire Cryptocurrencies
The purchasing, selling, and trading of cryptocurrencies are made possible for users of the software application known as Robinhood Wallet.
Without being responsible for any of the costs normally connected to the underlying network. Polygon was the first blockchain to be supported after it was revealed.
Johann Kerbrat, who serves as the general manager of Robinhood Crypto, is the one who made the statement. In a recent tweet, they announced that support for the Ethereum network has now been implemented.
This comes after support was previously enabled for the Polygon network. Support for over fifty ERC-20 tokens listed in the Robinhood app, one of which is Shiba Inu. In a similar vein, support for more than fifty ERC-20 tickets.
Customers can now move tokens such as USDC, UNI, SOL, SHIB, MATIC, COMP, and others directly from the Robinhood app and other platforms into their Robinhood Wallets.
In April of the previous year, the Shiba Inu was added to the Robinhood app for users to choose as their companion dog. A development that has the SHIB community giddy with anticipation.
The petition on Change.org to incorporate. The cryptocurrency devoted to canines onto the investment platform does not charge any commissions. It has collected over 600,000 signatures from individuals who favored its incorporation into the bill.
Currently in Rollout
Robinhood Wallet to its more than one million waitlists has started since finished the Robinhood wallet beta test.
End-user feedback was solicited and compiled for analysis. Took this feedback into account throughout the design phase of the additional features. Which ultimately ended up being incorporated into the packaged product.
In this sense, support for non-fungible tokens (NFTs) has been added to Ethereum and Polygon. They are offering users the ability to view and save their collections in a secure environment.
Even after these upgrades have been made, users will still be able to exchange Bitcoins with one another. And tokens on Polygon without being subject to any additional costs from the network. Users connect similarly to their chosen Web3 applications.
Kerbrat has clarified that it intends to supply its clients with access codes shortly. Downloading the Robinhood Wallet app for iOS will become available within the next couple of weeks. An email will be necessary as the mode of communication.
Users who have been able to download the application successfully. And those who gain access are entitled to receive $5 worth of cryptocurrency in their wallets. If they meet the requirements and can fulfill the prerequisites.