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    New-York based Impel secures $104 million in growth funding

    New-York based Impel secures $104 million in growth funding

    Metagenomi bags an extra $100 million before closing its Series B

    Metagenomi bags an extra $100 million before closing its Series B

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

    Energy-as-a-Service startup Redaptive secures $200 million from CPP

    Energy-as-a-Service startup Redaptive secures $200 million from CPP

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      New-York based Impel secures $104 million in growth funding

      New-York based Impel secures $104 million in growth funding

      Metagenomi bags an extra $100 million before closing its Series B

      Metagenomi bags an extra $100 million before closing its Series B

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

      Energy-as-a-Service startup Redaptive secures $200 million from CPP

      Energy-as-a-Service startup Redaptive secures $200 million from CPP

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      USTechTimes - Leading Startup and Technology News in the United States
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      Home topics Cryptocurrency

      Robinhood wants to Delve into Crypto Wallets, Post-IPO

       450 total views,  1 views today

      USTechTimes Editor by USTechTimes Editor
      September 23, 2021
      Robinhood Founders Gearing up for Massive IPO Later this Month

      With the new Robinhood features customers could manage all their crypto holdings through a wallet in the app.

      Share on FacebookShare on Twitter

      On September 21, 2021 Robinhood Markets Inc asked their Twitter followers, “What is one product feature you would love to see and why wallets? The responses were overwhelming and the stock trading platform rightly caught the sentiments and was vying for one feature that could be a game changer.

      What is one product feature you would love to see and why wallets?

      — Robinhood (@RobinhoodApp) September 20, 2021

      The survey prompted speculation about the brokerage app testing some new features and may launch a cryptocurrency wallet and allow transfers of these virtual currencies.

      However, on September 22, 2021 Robinhood said that it plans to begin testing cryptocurrency wallets next month, with a broader rollout in early 2022, allowing its users to move supported digital currencies in and out of their brokerage accounts.

      We heard you.

      Join the waitlist now: https://t.co/FOplKtsdul pic.twitter.com/drZpggGyZJ

      — Robinhood (@RobinhoodApp) September 22, 2021

      Currently, traders can buy and sell crypto coins such as Bitcoin, Ethereum and Dogecoin, using the app. But once the new features and the wallet are online, they would also be able to manage all their crypto holdings through a wallet in the app.

      “This is the natural next step for us when we think about democratizing finance for all, being able to have a lot more people from a lot of different contexts participate in this emerging market, and wallets are the key,” Aparna Chennapragada, Robinhood’s chief product officer, said in an interview.”

      The pandemic boost resulting in crypto boom

      Customers of Robinhood, which benefited from a boom in retail trading during the pandemic, have long asked for crypto wallets, which would allow them to participate more broadly in blockchain-based ecosystems, such as buying virtual assets like non-fungible tokens (NTFs) on the Ethereum network.

      The company plans to survey its current crypto-trading customers, which make up around 60% of the app’s 21.3 million active users, and pick small group of respondents to begin testing the new wallets and provide feedback, Chennapragada said.

      The wallets will include security features such as identity verification, multi-factor authentication, and email and phone verification to keep coins safe from hacks and other threats, the company said.

      “One of the things we’ve been trying to do is make sure that this is built safely, built securely,” which was one of the main challenges in developing the new feature, said Chennapragada.

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      Tags: Blockchain CapitalCryptocurrency
      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

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