Morgan Creek’s CEO Sees Potential Additions Of XRP, Cardano To U.S. Reserve ZyCrypto
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After a long stretch of only offering Polygon (MATIC) in its Web3 wallet, Robinhood shocks the crypto space with its announcement that it is adding two prominent cryptocurrencies, Bitcoin and Dogecoin, into its wallet offerings.
Dogecoin And Bitcoin Now Available On Robinhood Wallet
California-based financial services company Robinhood has announced its new listing of Dogecoin and Bitcoin in its self-custodial Web3 wallet, Robinhood Wallet.
The press release comes as a thrilling surprise for cryptocurrency investors, as users can now have access to BTC and DOGE tokens through their Robinhood wallets.
Responding to its users’ pleas, Robinhood Wallet revealed that it was adding Bitcoin and Dogecoin blockchains, which means it now supports a total of six blockchain networks, including Polygon, Optimism, Ethereum, and Arbitrium.
The financial services firm has also launched a Web3 Browser which will allow its users to link their wallets directly to decentralized applications (dApps).
Christine Brown, Robinhood’s Head of Crypto spoke enthusiastically on the newly added tokens in the Robinhood Wallet. She stated that the two tokens were one of the most prominent cryptocurrencies in the space and the financial services firm looks forward to its users to benefit from trading and investing in the newly listed cryptocurrencies.
“We’re excited to add Bitcoin and Dogecoin to Robinhood Wallet. These are two of the most popular cryptocurrencies in the world, and we’re glad to give our users the ability to store, send, and receive them,” Brown stated.
Robinhood Crypto GM, Johann Kerbat also welcomed the new addition to the Robinhood wallet. He stated that the Robinhood wallet aims to facilitate adoption and reduce the challenges faced by the DeFi ecosystem.
He explained that Robinhood will continue to satisfy its user’s needs as it advances and improves its platform with more unique features.
“With Robinhood Wallet, we stripped away many of the complexities of DeFi and the broader Web3 ecosystem, and reduced some of the challenges and barriers to entry for everyday people,” Kerbat said.
He added, “We’ve been really encouraged by the adoption so far, and are excited to keep building for our customers around the world as we ship new features and expand support for new networks and tokens.”
HOOD stock price sitting above $11 | Source: Robinhood Markets, Inc. on Tradingview.com
Robinhood Wallet Adoption Poised For Increase Following In-App Ethereum Swap Feature
Earlier in 2022, Robinhood launched a beta version of its crypto wallet and the demand for the wallet was staggering, with over 2 million users on the waitlist. Currently, the Robinhood Wallet boasts hundreds of thousands of users based in more than 120 countries around the globe.
The Robinhood Wallet will be offering in-app swaps on Ethereum for selected users, allowing them to trade their ETH for over 200 different ERC-20 tokens available on the platform. The wallet is currently available for all users in the United States.
In a blog post, Robinhood described the new Ethereum swapping feature now available on its Robinhood Wallet, saying:
“Unlike other wallets, users can swap without holding Ethereum, and network fees are automatically deducted from the tokens they already hold, making it easier for everyone to get started and use DeFi.”
The Robinhood Wallet is available for iOS users to trade and swap cryptocurrencies. The financial services company also previously listed USDC, its first stablecoin, in its portfolio, potentially closing the gap with the stablecoin’s major competitor, USDT.
Featured image from PYMNTS, chart from Tradingview.com
Dogecoin And Bitcoin Become Latest Additions To Robinhood Wallet NewsBTC
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Since the cryptocurrency market has leveled up recently, you might consider a portfolio rebalance or even starting from scratch. With over a thousand crypto coins available, how does one choose the best cryptocurrencies to buy and trade with? How does one choose the top cryptocurrencies worth investing in today?
Since it was the first and is now the most widely used cryptocurrency, Bitcoin (BTC) can be considered a forerunner of the cryptocurrency movement.
As a result, it became one of the most well-known coins in the Cryptocurrency market. Nonetheless, as time progressed, many competing coins introduced novel ideas and improved upon the central principle of digital currencies, leading to widespread adoption.
Thanks to the change, investors and traders now have access to a wider variety of coins from which to choose when making purchases and building portfolios.
Investors’ money was once only entrusted to bankers and bank managers. The global financial services sector has been revolutionized by the emergence of cryptocurrency.
Bitcoin’s use of decentralised finance puts investors in charge of their own money much more than ever before (DeFi). DeFi is just one cryptocurrency that shares this philosophy with others by allowing its users to serve as their financial watchdogs.
Here are some cryptocurrencies that are valuable for your portfolio;
Shiba Inu, the Profit Watchdog
Another “meme-coin,” Shiba Inu, follows in the footsteps of its competitor Dogecoin by taking its inspiration from the Shiba Inu dog breed. The SHIB coin, the native currency of the Shiba Inu ecosystem, serves as the community currency.
Even though the initiative was introduced with a wink and smile in August 2020, it has spawned a sizable community of followers referred to as the SHIBArmy. Despite its less-than-serious beginnings, SHIB is now accepted as payment by many significant enterprises.
Solana Is Fast and Affordable
The Solana blockchain platform is open to the public and supports decentralised and scalable apps. Solana’s native crypto token, the SOL token, functions similarly to Ether. It is utilised for transactions on the network and for many applications related to DeFi and Web3, such as minting and staking NFTs.
Because of how its network was designed, it can offer faster and less expensive transactions than competing networks such as Ethereum.
Rocketize Token – A Fast-Paced Community Token
The JATO Token is also completely community-owned, as well as the marketplaces where its goods and services can be bought and sold. The cryptocurrency has no built-in revenue model or developer wallet.
Project human resources have estimated that over a hundred key contributors or developers are working on this endeavor.
Essentially, Rocketize is a social network. “Atomic Nation” is the name of Rocketize Token’s online community. Rocketize has been successful because of the time and effort it has put into building its name and reputation.
The Rocketize Token community is the project’s Emblem and its most potent and efficient component. Rocketize Token is perfectly positioned to educate the public about the benefits of Binance Smart Chain’s decentralised network. What Neil Armstrong did for humanity, Rocketize Token will do for BSC and DeFi. Everyone will know the name “Rocketize Token” in the cryptocurrency industry soon.
A not-for-profit organisation is in charge of brand management in Europe. The organisation works in the community’s interest and sees to it that the stipulations of partnerships and agreements are adhered to. This organisation gives DeFi projects a foot in the door to work with businesses and other business entities.
For Information on the pre-sale, follow these links:
Rocketize (JATO)
Presale: https://rocketize.io/buy
Website: http://rocketize.io
Telegram: https://t.me/RocketizeTokenOfficial
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