Robinhood Launches A New Method Of Web3 Wallet Funding For Its Users

By Author: Crypto Business World
Total Articles: 7
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"Robinhood Connect," a new feature from the well-known trading platform Robinhood Markets (HOOD), allows users to fund their Web3 wallets without leaving a decentralized app (dapp) or being in their cryptocurrency accounts.

The business revealed at CoinDesk's Consensus 2023 conference in Austin, Texas, that Robinhood Connect will also enable developers to embed the feature directly into their dapps, enabling users of Robinhood to purchase, transfer, and fund their self-custody wallets. Customers will be able to access their Robinhood credentials and skip extra procedures thanks to the launch of [Robinhood] Connect, the company stated in a statement.

In a live conversation, Johann Kerbrat, general manager of Robinhood Crypto, said at Consensus 2023 that Robinhood Connect has already been integrated with MyDoge, Giddy, and Slingshot wallets, and will soon be integrated with Exodus and Phantom wallets.

As more people incorporate cryptocurrency and its connected products into their daily lives, widespread access to Web3 has substantially advanced. However, one of the biggest barriers ...
... to further extending the use of Web3-related applications has been the difficulty in accessing the technology. With its launch, Robinhood hopes to alleviate this issue. Although there are still substantial barriers preventing wider adoption, Crypto and Web3 "have the potential to change the future of the financial system for the better," Kerbrat said.