The platform a place to buy, sell and store cryptocurrency announced that it will finally allow “more than two million” users to test the feature to transfer cryptocurrencies to external wallets.
The popular financial services platform Robinhood is making several notable advances, including a general release of its anticipated cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. withdrawal feature.
The product manager of Robinhood Aparna Chennapragad, took to the stage at the conference ‘ Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. 2022 ‘ this Thursday to make several announcements. Among them, it said its ability to transfer digital digital technologies are these electronic tools that have the ability to generate, store or even process data. assets to external wallets is now available to “ more than two million people “.
Chennapragad además previewed the company’s plans to add support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for Lightning Network a network refers to all nodes in the operation of a blockchain at any given moment in time. , una solución de capa dos de código abierto que facilita las transacciones de Bitcoin, making them cheaper and faster. “ We will be adding the ability to transact with Lightning Network de Bitcoin “, he said.
“ For the community at large, this is a fantastic way to “to access Bitcoin economically and environmentally friendly, he said, citing CoinDesk . The director added that Bitcoin Is the most recurring purchase of users in the app and that more updates about its services with cryptocurrencies will come “ in the coming months “.
Attention to the “small print
Robinhood initially announced the addition of cryptocurrency services in 2018. However, since then, the ability of the platform’s customers to move their assets has been limited. Until now, users could only buy and sell cryptocurrencies, but were not allowed to move them in directions outside of the app.
The inability to withdraw its assets has been a source of criticism from the community of digital currency currency is a medium of exchange that defines value. supporters. Last year, in response to this growing demand from users, Robinhood announced that it might test a wallet function to allow the withdrawal of coins to external addresses.
As you remember The Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. the launch comenzó en septiembre para un grupo selecto de usuarios y en diciembre la compañía firmó un acuerdo con la empresa de análisis Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. Chainalysis to prepare for a wider launch of the offer.
Today’s announcement suggests that Robinhood is finally expanding access to this feature to a wider group of users. Although it should be noted that the company indicated that the offer will be available to more than 2 million customers “. eligible “ . In theory, this means that all waitlisted customers outside of the prohibited regulatory zones – Nevada, New York and Hawaii – will for the first time be able to send their cryptocurrencies purchased from the platform to external wallets.
Robinhood amplía sus funciones de criptomonedas
However, as he points out CoinDesk the wallet capabilities of Robinhood are still limited compared to other wallets and platforms on the market. Beyond the limits for withdrawal of assets, it does not connect to services based on Ethereum a decentralized open-source blockchain with smart contracts functionality. as do others wallet a place where cryptocurrency users can store, send and receive digital assets. as the MetaMask an online digital wallet that allows users to manage, transfer and receive Ethereum, operating as an extension to a regular browser. . Nor can you accept tokens ERC-20 tokens designed and used solely on the Ethereum platform. is not tokens no fungibles (NFT).
It has also lagged behind in offering staking participation in a proof-of-stake (PoS) system to put your tokens in to serve as a validator to the blockchain and receive rewards. services, despite CEO Vlad Tenev previously admitting that this was a feature much requested by customers. Robinhood has a daily limit of USD$5,000 on outgoing transfers, although among the advantages, it claims that it will not charge a fee for withdrawing cryptocurrencies.
The most recent announcements from the popular brokerage app come amid a series of expansion efforts within the crypto space. Cryptocurrency trading from Robinhood has attracted a lot of user interest while generating an explosion of revenue, totaling some $48 million in the last quarter.
“ Wallets are just the first step we’re taking to connect our customers to the broader crypto ecosystem. “said the CEO in a press release, as quoted by the same media.
- Robinhood introduces new card that automatically invests in crypto with every spend
- Robinhood will soon allow customers to move their cryptocurrencies outside of the app, COO advanced
- Robinhood app reveals it experienced a hack that exposed 7 million users’ data
Article by Hannah Estefania Perez / DiarioBitcoin
Imagen de Unsplash