Robinhood Wallet Adds Support for Bitcoin and Dogecoin
Robinhood Wallet, the non-custodial crypto wallet launched by Robinhood in September 2022, has announced the addition of new features based on user demand. The wallet now supports Bitcoin and Dogecoin, allowing users to custody, send, and receive these cryptocurrencies. In addition, in-app swaps on the Ethereum network have been enabled, giving users the ability to own, send, and receive crypto on various networks including Arbitrum, Ethereum, Dogecoin, Optimism, and Polygon. The wallet also allows for crypto swaps on Ethereum and Polygon, as well as connection to decentralized applications (DApps).
Robinhood Launches Web3 Browser and Expands Wallet Availability
Robinhood has recently launched a Web3 browser, allowing users to directly connect to DApps from their wallet. Currently, the Robinhood Wallet is available for iOS users, with support for Android devices expected to be added later in 2023. Android users can join the waitlist to be notified when the wallet becomes available for their devices.
Responding to User Demand for Layer 2 Blockchain Access
Robinhood is actively working to expand access to other low-cost, fast, and secure Layer 2 chains that users have requested. The company is committed to building new features and supporting additional networks and tokens based on user adoption and demand.
Hot Take: Robinhood Wallet Continues to Evolve and Expand Crypto Offerings
Robinhood’s addition of support for Bitcoin and Dogecoin, as well as the expansion of its wallet features and availability, demonstrates the company’s commitment to meeting the needs of its users in the crypto space. By enabling in-app swaps and connecting to various networks, Robinhood is providing its users with more flexibility and options for managing their cryptocurrencies. With the launch of the Web3 browser and plans to support additional Layer 2 chains, Robinhood is positioning itself as a player in the decentralized finance ecosystem.
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