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Robinhood, a cryptocurrency and stock trading application, plans to launch a beta version of its digital wallet function from January 2022.
In a blog post on Wednesday, Robinhood Say Tens of thousands of users currently on the waiting list of the trading application encrypted wallet will start using the beta version in mid-January. The transaction application stated that more than 1.6 million people are waiting for the wallet, which will support the deposit and withdrawal of Bitcoin (Bitcoin), ether (Ethereum), Dogecoin (dog) And other tokens.
Trading application has Test its digital wallet function Since it was first announced in September, it completed its first alpha transfer using DOGE on November 22.According to Robinhood COO Christine Brown, the launch of the beta will be Focus User security, and provide education about encrypted transactions and clarity about network and gas fees.
What’s next?This #WalletsBeta The phase will begin in mid-January and will enable more users on the waiting list to gain access.
Alpha focuses on low-volume customers and 1:1 participation, while Beta will be launched to tens of thousands of customers.
-Christine (Hall) Brown (@christine_hall) December 29, 2021
“Although some people say that 2021 is the year when encryption becomes mainstream, the truth is that most people are still familiar with asset classes and how to navigate the blockchain,” Robinhood said. “With the launch of the wallet, we are very pleased to be able to play an important role in welcoming investors into the crypto space for the first time.”
related: Some Salvadorans claim that they lack funds in their Chivo wallets
Nasdaq’s Robinhood (HOOD) stock price seems unmoved by the recent announcement. The stock was listed for the first time in July and steadily fell from its historical high of US$70.39 on August 4 to US$17.03 at the time of its release, a drop of more than 75%.
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