Home Crypto Robinhood Silently to Test Crypto Wallets & Crypto Transfer Functions

Robinhood Silently to Test Crypto Wallets & Crypto Transfer Functions

According to a Bloomberg report, Zero-commission monetary buying and selling platform Robinhood is low-profile testing new crypto pockets options for its prospects, which is able to enable customers to ship and obtain cryptocurrencies.

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Reportedly, Robinhood customers presently can solely use U.S. {dollars} to purchase cryptocurrencies and commerce digital property on the platform however can not withdraw the encrypted property.

This is the primary time the corporate has launched deposit and withdrawal features for digital property like Bitcoin (BTC). 

Bloomberg reported that the beta model of the applying on its IOS system displays the corporate’s work on such features. Also, there’s a hidden picture displaying the ready listing web page for customers to register for the operate of the encrypted pockets. It additionally includes the code associated to the switch of cryptocurrency property.

Robinhood CEO Vlad Tenev identified within the second-quarter earnings convention name that including a crypto pockets is the highest precedence of the corporate’s builders and mentioned:

“It’s one thing that our groups are engaged on. The potential to deposit and withdraw cryptocurrencies is difficult to do with scale, and we would like to be sure that it’s accomplished accurately and correctly.”

As reported by Blockchain.News on September 9, Robinhood Markets Inc. has launched a brand new cryptocurrency recurring funding function that lets prospects mechanically spend money on cryptocurrencies on a each day, weekly, or month-to-month schedule.

The new function is about to enable its prospects to buy cryptocurrency commission-free and with just a little as $1 value of cryptocurrency of their selection month-to-month, weekly and even each day.

Image supply: Shutterstock

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