Robinhood Launches Anticipated Cryptocurrency Wallet: Here These Altcoins Will Be Supported!

The world-famous investment platform Robinhood has launched Robinhood Wallet, where users can buy and sell cryptocurrencies and store their NFTs.

Robinhood was launched in January last year. 1,000 people in September after releasing the beta version with a quota 10,000 issued to the person “Robinhood Wallet”officially released. The app is currently only App Store Published on.

According to the statement made by the authorities, they are on the waiting list. 1 million users is located. This application, which is served free of charge, is for trading cryptocurrencies. Ethereum (ETH) and Polygon (MATIC) will use the infrastructure.

Robinhood Managing Director Johann Kerbrat’According to the statement made by Robinhood, in his wallet; Over 50 Ethereum networks (ERC-20), including Shiba Inu (SHIB), Compound (COMP), Polygon (MATIC), Solana (SOL), Uniswap (UNI), and USD Coin (USDC) Cryptocurrency is supported.

This new product, which is the subject of the news, “A browser for web3Kerbrat described it as ” in sharing used the following terms:

Robinhood Wallet is a standalone app that gives users full control over their crypto and provides access to more advanced features like connecting to decentralized apps and NFT markets. It’s so much more than a wallet! Think of Robinhood Wallet as a ‘browser’ for Web3.

Can it rival Metamask?

As it is known, the leading Web3 wallet status of the market has been around for a long time. metamaskbelonging to although coinbase Wallet Although it tried to compete by offering a similar product, it could not break Metamask’s dominance much. At this point, referring to Metamask anonymously, Kerbrat said, “A much more user-friendly product compared to its competitors” he said:

We developed this product to solve the difficulties many users experience when using competitive products, such as unfriendly design and high fees. We received feedback from our beta users that other products on the market are too complex and difficult to use.

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