2 years ago
Robinhood announced the summation of cryptocurrency investments to its level successful January 2018. But, overmuch to the chagrin of Bitcoiners, the app didn’t see the enactment to retreat assets from the platform.
Robinhood announced an alpha version of its proprietary cryptocurrency wallet successful September 2021 and the beta version connected January 3, 2022 (otherwise known arsenic “Proof Of Keys Day”). With 1 cardinal users signing up successful little than 30 days to entree the wallet, it’s wide that Robinhood customers privation entree to the backstage keys corresponding to the cryptocurrency they acquisition done the platform.
Robinhood’s main merchandise officer, Aparna Chennapragad, took the signifier astatine Bitcoin 2022 to elaborate connected however the institution is responding to that demand. She said, “More than 50% of our customers are caller investors.”
One-third of Robinhood’s customers are women and the radical of customers is highly diverse. Chennapragad believes, “It’s important to person harmless and unafraid entree to Bitcoin.” According to the descent deck, “Bitcoin is the fig 1 recurring bargain plus for 2022” for Robinhood.
More than 2 cardinal radical connected the Robinhood waitlist tin present nonstop and person bitcoin to and from the app arsenic Robinhood unveils withdrawals and deposits astatine Bitcoin 2022.
Additionally, Chennapragad announced Robinhood’s volition to bring Lightning Network to the level successful the adjacent future. Their reasons included accelerated transactions, low-fee transfers and a little c footprint arsenic Lightning payments tin hap off-chain.
Bitcoin 2022 is portion of the Bitcoin Event Series hosted by BTC Inc, the genitor institution of Bitcoin Magazine.
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