Robinhood will provide access to wallet testing for 2 million users
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="800" height="450" />)
At the Bitcoin 2022 conference in Miami, Robinhood Product director Aparna Chennapragada announced that more than 2 million people will be able to send and receive cryptocurrencies using the new functionality. At the same time, the wallet will be unavailable to residents of Hawaii, Nevada and New York due to "local regulation".
Robinhood supports the main cryptocurrencies, but NFT and ERC-20 tokens are not available on Ethereum. The company is in no hurry to add support for new assets due to regulatory concerns. Robinhood is also working on implementing a second-tier solution for the Bitcoin Lightning Network to make transactions faster and cheaper.
Source:
1 comment