Web3 Cryptocurrency / The waiting list of customers for Robinhoods Web3 wallet crosses one million

Vikrant Shekhawat : Aug 11, 2022, 10:16 AM
Web3 Cryptocurrency: The waiting list of customers for the cryptocurrency wallet of Robinhood trading app has crossed the one million mark. It has been named Web3 Cryptocurrency Wallet which was announced by the company in May. Wallet is about to enter its beta testing phase from next week. The company said in an announcement in April that customers who are on the waiting list will be given access to the wallet first.

Robinhood CEO Vladimir Tenev announced via Twitter that the waiting list of customers for the company's upcoming Web 3 cryptocurrency wallet has crossed 1 million. The wallet is specially designed for the traders so that all the necessary services related to cryptocurrency can be provided by it. Along with the announcement, the company has also tagged a promotional video in which a monkey is shown entering a green portal.

Along with Robinhood Web3 crypto wallet, the company has also written a tagline in the post – trade and swap crypto with no network fees. That is, through the wallet, customers will now be able to use crypto services without paying network fees. In April, the company announced for Wallet that the availability of the wallet would be given to the waiting list customers first. Since then the wait list of customers for the wallet started increasing. Now it has crossed 10 lakhs. The company says that now this waitlist of customers can increase even more.

With the introduction of the new feature, Robinhood users will be able to withdraw crypto directly from their brokerage account. There are many limitations in the wallet that the company currently has. It does not support NFTs and there are not many cryptocurrencies listed yet that the company is going to list on the platform in the coming days. So waiting for the new wallet. The Web3 wallet has features like yield farming, staking and NFT support. It has been specially designed for advanced customers. The rollout of the wallet is expected to be completed by the end of the year.