Buy Crypto Instantly with Robinhood Connect – Now Available in dApps!
• Robinhood has announced Robinhood Connect, a new feature that offers seamless crypto integration for dApps and wallets.
• Customers can directly and instantly buy or transfer crypto from within the dApps and also fund their Web3 wallets.
• Giddy, a self-custody, recoverable smart wallet app powered by Polygon is among the first mobile wallets to integrate Robinhood Connect.
Robinhood Launches New Crypto On-Ramp Feature
Robinhood, one of the leading online brokerage platforms for stocks and crypto investing, has launched Robinhood Connect – a new product that will allow customers to easily buy, transfer cryptocurrencies as well as fund their Web3 wallets.
How Does The Feature Work?
With the help of this low-cost on-ramp feature, anyone with a Robinhood balance can now buy Bitcoin or other tokens instantly and transfer them to their wallet without leaving the dApp or connecting to his/her Robinhood Crypto account. This means that developers are able to embed this feature in decentralized applications (dApps) so that projects can let customers buy tokens via the brokerage platform and send them directly to self-custody wallets.
Giddy Among The First Mobile Wallets To Integrate
Giddy – a self-custody recoverable smart wallet app powered by Polygon was among the first mobile wallets to integrate with Robinhood Connect. With developers able to tap into seamless integration for Connect, embedding this feature will be easy for other platforms over time as well.
Boosting Cryptocurrency Adoption
Johann Kerbrat, General Manager of Robinhood Crypto said during the product launch at Consensus 2023 that they recognize there are still significant hurdles preventing broader adoption but their strong commitment towards cryptocurrency adoption will be boosted with the new product launch.
By allowing users to seamlessly buy BTC or other tokens directly from within decentralized applications (dApps), as well as fund their Web3 wallets using an on-ramp like Robinhood Connect, we are sure that it will further boost cryptocurrency adoption in no time!