Robinhood, a cryptocurrency and stock trading platform, has announced the release of Robinhood Wallet, a self-custody, Web3 wallet using Polygon (MATIC) as its first supported blockchain. 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 Robinhood Cryptocurrency Wallet Robinhood released the beta version of its Web3 wallet on iOS. The first 10,000 individuals who joined the queue in May 2022 would get access to it. Initially maintained on the Polygon blockchain, Robinhood Wallet enables users to trade and shift cryptocurrencies without paying network fees. Johann Kerbrat, Robinhood’s chief technical officer, offered his comments on the release of the cryptocurrency wallet. He claimed that Robinhood Wallet eliminates some of the intricacies of Web3 and DeFi to make crypto more approachable to everyone. “Launching the Robinhood Wallet beta marks a significant step forward in our journey to make Robinhood the most trusted and simple crypto platform for customers.” Polygon – Robinhood’s Preferred Blockchain Polygon is Robinhood’s preferred blockchain network because it provides scalability, reliability, affordable network costs, and a strong developer community. Additionally, Robinhood introduced support for withdrawals and depos...
