Popular Robinhood Trading App Announces It Will Launch Beta Of Its Crypto Wallets In A Few Weeks
Robinhood has finally announced the approximate date for the beta testing of their cryptocurrency wallets – something the SHIB community has been eagerly awaiting since the end of September, in the hope that the app will list this crypto meme.
According to the September 22 announcement, these wallets would allow trading, as well as sending and receiving crypto on the app.
Meanwhile, more than 1.6 million people have already signed up on the waiting list for these wallets. Less than a million people signed up in a month.
Robinhood has announced that it will launch a beta of the on-chain crypto wallet in mid-January next year. https://t.co/7POUgXYynV
– Wu Blockchain (@WuBlockchain) December 29, 2021
Beta trials will start in mid-January
With alpha testing now complete, the beta of the wallets will launch in just a few weeks – in mid-January next year. According to a survey conducted by Robinhood of its users, customers who have tested the alpha version, they would like Robinhood to provide educational content on cryptography so that they can understand terms such as “transaction ID” and “transaction fees”. network”.
So, for this educational purpose, the app will expand its Robinhood Learn articles to cover crypto in addition to the usual asset classes.
Additional security for wallets
Robinhood’s blog post states that there will be a separate wallet for each cryptocurrency traded on the app. The survey indicates that 66% of users have no crypto wallet and expect to have only one wallet for all their crypto transactions. But since all transfers will be chain-linked, each room will be assigned a separate address.
Robinhood has also indicated that it will add additional security features for crypto wallets, including multi-factor authentication functionality.
Will Robinhood list SHIB after all?
The Shiba Inu community longed for Robinhood to add SHIB to their list of traded assets. The Change.org petition for this issue has already collected 553,472 signatures.
The SHIB Army on Twitter tweets about the Robinhood enrollment request every day, believing that when the app adds the token, its price will skyrocket to a new all-time high.
Meanwhile, Robinhood began testing wallets for Shiba Inu rival Dogecoin.