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In accordance with a Bloomberg report, Zero-commission monetary buying and selling platform Robinhood is low-profile testing new crypto pockets options for its clients, which is able to permit customers to ship and obtain cryptocurrencies.
Reportedly, Robinhood customers presently can solely use U.S. {dollars} to purchase cryptocurrencies and commerce digital property on the platform however can’t withdraw the encrypted property.
That is the primary time the corporate has launched deposit and withdrawal features for digital property like Bitcoin (BTC).
Bloomberg reported that the beta model of the applying on its IOS system displays the corporate’s work on such features. Additionally, there’s a hidden picture exhibiting the ready record web page for customers to register for the perform of the encrypted pockets. It additionally entails the code associated to the switch of cryptocurrency property.
Robinhood CEO Vlad Tenev identified within the second-quarter earnings convention name that including a crypto pockets is the highest precedence of the corporate’s builders and stated:
“It’s one thing that our groups are engaged on. The flexibility to deposit and withdraw cryptocurrencies is difficult to do with scale, and we need to make certain it’s accomplished appropriately and correctly.”
As reported by Blockchain.Information on September 9, Robinhood Markets Inc. has launched a brand new cryptocurrency recurring funding function that lets clients mechanically put money into cryptocurrencies on a each day, weekly, or month-to-month schedule.
The brand new function is about to permit its clients to buy cryptocurrency commission-free and with a bit as $1 value of cryptocurrency of their alternative month-to-month, weekly and even each day.
Picture supply: Shutterstock
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