Robinhood Will Use That Network For Decentralized Wallet!

One of the world’s most popular financial intermediaries Robinhoodis working to offer new blockchain-based services to its users.

Robinhood, the long-awaited Web3 made an important announcement on Twitter for its wallet-based service.

The beta test of the wallet, which has about 10,000 users on the waiting list, has reached a wider audience as of today.

A wallet worth the wait. Beta testing is now live for 10K customers from the waitlist, with @0xPolygon as the first blockchain supported.

You could be next: https://t.co/qonXj80BEB pic.twitter.com/0aWvnyHk64

— Robinhood (@RobinhoodApp) September 27, 2022

According to the statement, the Web3-based decentralized wallet, which was beta tested, is an infrastructure. Polygon (MATIC) will use your network.

Robinhood executive Oliver McIntosh explained why they chose the Polygon network:

“The Polygon network is more advantageous than many blockchain networks due to its speed and scalability. While its developers are actively working on the network, the transfer fees are also quite low. That’s why we chose the Polygon network for our wallet infrastructure.”

polygon, Ethereum based Layer-2 scalability solution project. McIntosh, the recently happening Ethereum in Polygon preferences Merge He added that the update was not effective.

Only users with Apple phones will participate in the web3-based wallet beta.

What is Robinhood? What Does It Do?

Robinhood is one of the most popular financial intermediaries in the world. The company offers its users a wide investment portfolio from gold to stocks to cryptocurrencies on a single platform.

The Robinhood application appeals to large audiences because its mobile version is very comfortable to use. Via the app bitcoin, Ethereum, dogecoin Many cryptocurrencies can be bought and sold.