• Robinhood has launched a new feature called Robinhood Connect, which enables customers to easily buy and transfer cryptocurrency as well as fund their Web3 wallets.
• The on-ramp is low-cost and will allow customers to add funds to their wallets from decentralised applications or third party wallets without having to leave the dApps first.
• Giddy, a self-custody wallet app powered by polygon, was among the first mobile wallets to integrate Robinhood Connect.
Robinhood Launches New On-Ramp for Crypto Integration
Robinhood has announced its new product, Robinhood Connect, that allows customers to buy cryptocurrencies directly from within dApps and wallets. Self-custody wallet Giddy is one of the first mobile wallets to integrate the new on-ramp feature. Customers can now easily buy or transfer crypto and fund their Web3 wallets with this low-cost on-ramp solution.
Seamless Crypto Integration For DApps & Wallets
Developers can embed Robinhood Connect in order to offer seamless integration for users who wish to purchase tokens via the platform and send them directly into self custody wallets. With this product, anyone with a Robinhood balance can instantly buy Bitcoin or other tokens and transfer them directly into their wallet without having to leave the dApp they are using or connect with their Robinhood Crypto account first.
Commitment To Boosting Crypto Adoption
The General Manager of Robinhood Crypto, Johann Kerbrat said during the product’s launch at Consensus 2023 that “Crypto and Web3 have the potential to change the future of the financial system for better” but admits that there are still significant hurdles preventing broader adoption. He added that Robinhood Connect demonstrates his company’s commitment towards boosting crypto adoption by making it more accessible and usable for everyone involved in this space.
Giddy Among First Mobile Wallets To Integrate Product
Robinhood announced on Thursday that Giddy was among its very first mobile wallets chosen by them when it comes integrating its new product – connecting people into decentralized applications with ease and convenience while being mindful about security protocols as well.
Onward To Broader Adoption Of Cryptocurrencies
With features like these, we can see how companies like Robihnood are trying hard towards increasing adoption of cryptocurrencies so everyone could reap its benefits – no matter what background they come from or what experience they have in trading digital assets before joining this field.