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Robinhood Working on New Crypto Gifting Feature: Report

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Robinhood Working on New Crypto Gifting Feature: Report

by cryptolover
December 14, 2021
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Code discovered in a beta version of Robinhood’s iPhone app reveals the popular no-fee trading platform is considering adding a feature that allows users to send cryptocurrency to each other via digital gift cards, according to a Bloomberg report.

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  • The cards can be accompanied by messages up to 180 characters long, and the money can be retracted anytime before it is accepted by the recipient, according to Bloomberg.
  • A Robinhood spokesperson declined to comment to CoinDesk.
  • The code was found in a beta version of the app by developer Steve Moser that was shared with Bloomberg.
  • In the past, beta versions of Robinhood’s apps have revealed features such as support for crypto wallets, Bloomberg wrote.
  • Commissions from crypto trading have become an increasingly significant source of revenue for Robinhood in recent quarters.
  • On Monday, crypto tracing firm Chainalysis announced it will provide data and compliance tools to Robinhood’s online crypto trading service, Robinhood Crypto.

UPDATE (Dec. 14, 00:23 UTC): Updated with Robinhood response.



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Brian Armstrong Says the More Crypto Regulation, the Better for Coinbase — CEO Discusses Alleged SEC Investigation – Regulation Bitcoin News
Crypto News

Brian Armstrong Says the More Crypto Regulation, the Better for Coinbase — CEO Discusses Alleged SEC Investigation – Regulation Bitcoin News

by cryptolover
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0

Coinbase CEO Brian Armstrong says “the more regulation there is for crypto, the better it is for Coinbase.” He revealed...

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