By | January 2, 2022

Buying and selling platform Robinhood has introduced the beta launch of its cryptocurrency wallets, which is ready for mid-January. The corporate stated 1.6 million individuals have signed up for the crypto wallets.

Robinhood’s Crypto Wallets to Launch in Beta This Month

Robinhood introduced this week the upcoming beta launch of its extremely anticipated cryptocurrency wallets. The corporate unveiled its crypto pockets challenge in September to permit clients to commerce, ship, and obtain cryptocurrencies utilizing the Robinhood app.

Noting that 1.6 million individuals have signed up for its crypto wallets to this point, the announcement particulars:

In mid-January, we are going to launch the wallets beta section, which is able to roll out to hundreds of consumers from the waitlist.

Robinhood additionally revealed that through the pockets’s alpha launch, which just lately wrapped up, “a tight-knit group” of consumers from the waitlist examined the corporate’s first crypto pockets iteration “and shared detailed design and performance suggestions.”

For instance, the alpha testers “requested signposting and explanations of phrases like ‘community charges’ and ‘transaction ID.’” In response, the corporate stated that it’ll present extra crypto articles and provide 24/7 telephone help.

Robinhood added:

We will probably be rolling out some extra security measures for crypto transactions. These embrace multi-factor authentication in-app, so we all know it’s you once you provoke a switch, and transaction checks to higher perceive the danger of the place cash are being despatched.

“Whereas some say 2021 is the 12 months that crypto went mainstream, the reality is that most individuals are nonetheless familiarizing themselves with the asset class and the best way to navigate the blockchain,” the buying and selling platform famous.

In December, Robinhood partnered with Chainalysis to leverage the blockchain information analytics agency’s “information and instruments to satisfy compliance necessities and supply Robinhood clients with the boldness they should commerce cryptocurrency safely,” Chainalysis described.

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Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

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