Robinhood Wallet, the popular multi-chain, self-custody, Web3 wallet, has recently introduced new features to meet the demands of its growing user base. The wallet now supports Bitcoin (BTC) and Dogecoin (DOGE), allowing users to custody, send, and receive these cryptocurrencies. Additionally, the platform has enabled on-app swaps on the Ethereum (ETH) network, with select users gaining access to over 200 tokens for swapping.
Johann Kerbrat, General Manager of Robinhood Crypto, highlighted the company’s commitment to streamlining the DeFi experience and expanding support for various networks and tokens. Robinhood Wallet’s user-friendly design and powerful features aim to make Web3 technology accessible to a broader audience.
The wallet currently supports Arbitrum (ARB), Bitcoin, Ethereum, Dogecoin, Optimism (OP), and Polygon (MATIC) networks, allowing users to own, send, and receive crypto across these chains. The wallet also facilitates crypto swapping on Ethereum and Polygon networks, enabling users to connect to various decentralized applications (dapps).
To enhance accessibility for users in the United States, Robinhood Wallet now offers a fiat onramp through Robinhood Connect, allowing eligible users to purchase or transfer crypto directly within the wallet. The platform has expanded its rewards program to include learning rewards, enabling users to earn USDC by completing educational lessons.
Users are required to set up biometric authentication or a custom PIN for app access. They are also instructed to create a secret recovery phrase, which grants them access to their wallet and crypto holdings. The company emphasizes the importance of storing the recovery phrase securely and refraining from sharing it with anyone, as the company never has access to a user’s seed phrase.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 8 |
| People | Johann Kerbrat |
| Companies | Ethereum, Robinhood Wallet, Polygon, Optimism, Robinhood Crypto |
| Currencies | Ethereum, Dogecoin, Polygon, Bitcoin, USD Coin |
| Securities | None |
