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waitlist – Cryptocurrencypanther https://cryptocurrencypanther.com Latest Crypto News Sat, 05 Feb 2022 17:18:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://cryptocurrencypanther.com/wp-content/uploads/2021/07/cropped-Cryptocurrency-e1626714913653-32x32.png waitlist – Cryptocurrencypanther https://cryptocurrencypanther.com 32 32 Waitlist For Robinhood ‘WenWallets’ That Can Store Dogecoin Balloons To 2 Million – Dogecoin – United States Dollar ($DOGE) https://cryptocurrencypanther.com/2022/02/05/waitlist-for-robinhood-wenwallets-that-can-store-dogecoin-balloons-to-2-million-dogecoin-united-states-dollar-doge/ https://cryptocurrencypanther.com/2022/02/05/waitlist-for-robinhood-wenwallets-that-can-store-dogecoin-balloons-to-2-million-dogecoin-united-states-dollar-doge/#respond Sat, 05 Feb 2022 17:18:48 +0000 https://cryptocurrencypanther.com/2022/02/05/waitlist-for-robinhood-wenwallets-that-can-store-dogecoin-balloons-to-2-million-dogecoin-united-states-dollar-doge/

The waiting list for Robinhood Markets Inc’s (NASDAQ:HOOD) “WenWallets” that can be used to store, buy and sell Dogecoin (CRYPTO: DOGE) has swelled to 2 million.

What Happened: The revelation of the upsurge in interest in the cryptocurrency wallets was made on Twitter by Christine Brown, Robinhood’s chief operating officer for Cryptocurrencies.

The beta wallet has been rolled out to 13,000 customers as of Thursday, which also beats the company’s previous estimates, Brown said. 

The Robinhood executive acknowledged in a separate tweet that customers want the trading platform to roll through the waitlist quickly, but said Robinhood must review data to manage fraud risk and protect customers as “moving on-chain presents new risks.”

Brown said that customers will see slight delays in transfers to the blockchain due to “additional security reviews.”

“As we move to launch, these will be reduced, and ultimately be a seamless experience (a small % of transactions will go through additional checks),” she said. 

See Also: How To Buy Dogecoin (DOGE)

Why It Matters: In November, Brown announced the first alpha transfer of DOGE from a Robinhood wallet to an external wallet. DOGE co-creator Billy Markus described the development as “huge.”

Robinhood supports buying and selling of a number of cryptocurrencies like Bitcoin, Bitcoin Cash, Litecoin, Ethereum and Ethereum Classic.

Cryptocurrency enthusiasts had been pushing Robinhood to introduce cryptocurrency wallets and used the phrase “not your keys, not your Bitcoin” to drive home the point.

In September, Robinhood teased the enthusiasts by providing an update on the rollout and first used the term “Wen Wallets?”

HOOD Price Action: Robinhood shares were trading 7.68% higiher at $15.24 midday Friday. 

Read Next: Ethereum, Other Crypto Stakers, Miners Rejoice — The IRS Will Not Tax Unsold Tokens After All





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Robinhood crypto wallet waitlist hits 1M users https://cryptocurrencypanther.com/2021/10/22/robinhood-crypto-wallet-waitlist-hits-1m-users/ https://cryptocurrencypanther.com/2021/10/22/robinhood-crypto-wallet-waitlist-hits-1m-users/#respond Fri, 22 Oct 2021 09:39:47 +0000 https://cryptocurrencypanther.com/2021/10/22/robinhood-crypto-wallet-waitlist-hits-1m-users/

Robinhood has over 1 million customers on the waitlist for its crypto wallet, with the milestone hit just a month after the trading app announced the feature.

According to the firm’s CEO Vlad Tenev, demand is high from customers eager to do more than just trade with their cryptocurrency holdings.

Tenev revealed this while speaking at CNBC’s Disruptor 50 summit on Thursday. He told Jimmy Cramer that the crypto wallet feature is set to give the app’s customers “more utility with the coins they have,” with more people are getting on the waitlist for this reason.

“The crypto wallet waitlist is well over a million people now,” Tenev said, highlighting the various benefits customers will have once the wallet is unveiled.

Some of the advantages Robinhood app customers are set to enjoy include crypto deposits and withdrawals, send and receive options, and transfers to hardware wallets.

As well as stating that cryptocurrencies are “here to stay” the Robinhood chief noted its growing adoption.  He noted that anyone can have a wallet, “regardless of where you are in the world” and use it to send crypto to others.

Robinhood announced its intention to introduce a crypto wallet in September, seemingly heeding to increased demand for the service from its customers. The waitlist allows customers to get first access when the feature eventually rolls out.

The app’s users currently have access to Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Bitcoin SV (BSV), Dogecoin (DOGE), and Ethereum Classic (ETC). 

While other digital assets will likely be added in the future, the Robinhood exec could not confirm if the first among those would be the trending meme coin Shiba Inu (SHIB).

According to him, any listing would have to keep in line with user safety and that meant any potential additions to the seven currently supported would have to go “through a stringent set of criteria,”

The digital wallet feature was scheduled to launch this October, with global support set for 2022.



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