Starting at the beginning of the week and ending tomorrow Bitcoin 2022 Conference is in full swing. Many companies and platforms continue to use this event as an effective tool to promote their projects and make service announcements.
Cryptocurrency and stock trading app Robinhood announced in an announcement yesterday that it will make the digital wallet feature available to 2 million more users.
Due to regulations, these crypto wallets can only be New York, Nevada and HawaiiIt is stated that it will be available in .
Carbon Footprint will be reduced
Robinhood’s chief product officer, Aparna Chennapragada, said the 2 million eligible customers who were on the waiting list for the digital wallet can now send and receive cryptocurrencies. In addition, the platform can reduce the time and cost of transactions and at the same time minimizing carbon footprints It was also announced that it plans to integrate the Bitcoin Lightning Network on its behalf.
The platform had been testing the digital wallet feature since September 2021 and completed its first alpha transfer using Dogecoin (DOGE) in November 2021. The beta version of the wallet was released in January 2022 for tens of thousands of users.
They Have Been On Hold For 7 Months
Robinhood users, who have been on hold for about 7 months, responded positively to this development. However, some users may use non-modifiable tokens and ERC-20 tokens He expressed his concerns that Ethereum-based services such as Lack of support for the Ethereum chain The issue was also confirmed by Robinhood.
Robinhood, on the other hand, reported a 6% drop in transaction-based revenues from cryptocurrency from Q3 2021 to year-end. Now this new wallet feature is expected to attract more users to the platform and increase the company’s crypto revenues.