Recently, there are almost 16 crypto currencies that are available for trading on Robinhood app that includes Bitcoin, Litecoin, Ethereum, Dogecoin, Stellar, Ripple, Monero, etc.
The US based app for stock trading Robinhood is now ready to roll out the feature of digital wallet to 2 million of their users. In the conference of Bitcoin which is held in Miami, it was share that the customers that sign for WenWallets waitlist definitely will send & receive the crypto currencies that are available on the Robinhood.
WenWallet a Crypto Wallet
The WenWallet is the wallet which launched by the Robinhood Finance. The Crypto wallet permits the users to simply store the currencies quite safely.
As per Aparna Chennapragada, the customers will also have complete access to use the crypto. It is for the purpose of tipping on the social media, purchasing the NFTs and much. There is absolutely no fee for the purpose of withdrawing the crypto from Robinhood. The only goal is of make Robinhood as most trusted & hassle free platform for transaction. We are completely thrilled and excited to bring lower costs to the customers through integrating Lightning network.
The Users will also simply scan the QR codes for simply sending the crypto to the wallet address. With the rising scams, it also enhances the security & mechanism of fraud protection. It includes mandatory 2FA which also known as Two-factor authentication. This help to protect the validation of the customers and their crypto wallet so the customers can ensure that they send to the valid address of wallet.
In the bid for reducing the footprint of carbon of crypto transactions, company adds the Lightning Network for Bitcoin transfers. For unversed and the transfers of Lightning Network Bitcoin to simply reduce carbon footprint for the transaction. It is like the bitcoin miners which not required to validate the crypto transactions.
