Retail Giant Robinhood Launches Crypto Wallet – The Daily Hoddle

After releasing its beta version to just 10,000 customers last September, retail giant Robinhood is now rolling out its digital wallet to more than 1 million prospective users.

Robinhood Wallet is a standalone smartphone app that allows users to trade and transfer crypto assets, access decentralized applications (DApps) and store non-fungible tokens (NFTs).

In a series of TweetsRobinhood General Manager Johan Kerbrat introduced new changes in response to customers who participated in the beta program.

The app now supports over 50 tokens including Compound (COMP), Polygon (MATIC), Shiba Inu (SHIB), Solana (SOL), USD Coin (USDC) and Uniswap (UNI). Customers can transfer these tokens from the Robinhood app and other platforms to the Robinhood wallet.

The Web3 wallet uses Layer-2 scaling solution Polygon (MATIC) to enable networkless payment transactions. Kerbrat said the platform now supports the leading smart contract platform Ethereum (ETH).

“We’ve also added support for NFTs on both Ethereum and Polygon, so you can securely view and store your favorite collections. With these improvements, you can still exchange crypto and tokens on Polygon without any network fees and connect to your favorite Web3 applications.

Kerbrat said they will email customers access codes that allow them to log into the Robinhood Wallet iOS app. Download the app and those who arrive will receive $5 worth of crypto in their wallets.

“We are providing indirect access in the coming weeks. If you’re late to the party, you can still join the waiting list here”

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Disclaimer: The opinions expressed in The Daily Hoddle do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be aware that your transfers and trades are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hoddle participates in affiliate marketing.

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