World Crypto Global
- Written by: Tareq Sikder
- Wed, 20 Mar 2024
- Israel
Robinhood has announced the official launch of itscryptocurrency wallet for Android users. This move is set to broaden access todigital currencies for millions of potential users globally. The expansion toAndroid comes approximately a year after the initial rollout of the RobinhoodWallet to iOS users worldwide. Android Crypto Wallet Escapes BetaThe Android version has been in beta testing until now, witha public waitlist available for registrations. With the general release, allcustomers who had previously joined the waitlist can now download the Androidwallet and begin utilizing its features, Robinhood revealed today (Wednesday).Johann Kerbrat, the General Manager of Robinhood Crypto,expressed that the Android launch signifies an advancement in the company'sdedication to making cryptocurrencies more accessible and seamlessly integratedinto daily life for millions worldwide.The self-custodial wallet was first introduced last year andhas garnered hundreds of thousands of downloads globally since its inception,according to the company's statement. The wallet, as outlined on the Robinhoodwebsite, facilitates crypto send, receive, and store functions across variousnetworks, including Ethereum, Bitcoin, Dogecoin, Arbitrum, Polygon, Optimism,and Base. JUST IN: Robinhood launches crypto wallet on Google Play for Android users. Watcher.Guru (@WatcherGuru) March 20, 2024Fee-Free Token SwapsAdditionally, it supports token swaps on Ethereum, Polygon,and Arbitrum via decentralized exchange aggregators 0x API and LI.FI.Importantly, users are not subjected to service fees on token swaps, althoughstandard blockchain transaction fees apply. Robinhoodemphasized that the Android rollout represents merely the initial phase forRobinhood Wallet. The company intends to continually enhance the wallet'sfunctionalities, incorporating new features based on user feedback in thecoming months."We are actively working to provide Robinhood Walletusers access to cross-chain swaps via decentralized exchange aggregators soonand on-ramps that lower barriers to entry in web3," Seong Lee, the Head ofProduct at Robinhood Crypto, told The Block in a statement. "By workingwith organizations like Arbitrum, LI.FI and 0x, we will help users do even morewith their crypto."This article was written by Tareq Sikder at www.financemagnates.com.
