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That way, robinhood is once again showing interest in positioning itself as a relevant company in the cryptocurrency industry, considering this as recently as a month ago, he unveiled plans to integrate the lightning network into its trading platform in order to accelerate bitcoin (btc) transactions.
The popular stocks and crypto trading app, Robinhood, announced that its upcoming crypto wallet will not charge gas fees and support non-fungible tokens (NFT), DeFi services, and other token swap functionalities.
If this crypto winter has made you so poor that you can't even afford the cost of your crypto transactions, keep reading; robinhood could have an ideal solution to all your problems. Popular shares and crypto-trading app, Robinhood, announced that its next crypto wallet will not charge any gas charges and support non fungible tokens (tnl), DeFi services, and other token exchange functions.
At the Permissionless conference, Robinhood CEO and co-founder Vlad Tenev said that decentralized finance (challenge) "has the potential to be the operating system that drives the future of financial services."
For this reason, the company wants to break into the cryptography market with a tool capable of taking advantage of the full range of possibilities offered by challenging products and services.
Exchange and swap cryptos at no network cost. A web3 wallet on our part. Get early access: https://t.co/qonXj80BEB pic.twitter.com/qLjByPA4ty
— Robinhood (@RobinhoodApp) May 17, 2022
Robinhood’s DeFi Wallet is Cheap, But Also Safe
A web3 wallet on our behalf. Aside from the free exchange function, one of the strengths of the portfolio is that it will be non-custodial. Something similar to what other Web3-focused wallets —like Coinbase or Metamask— have to offer.
Something similar to what other web3-focused portfolios - like the money base or METAMASK - have to offer.
This means that only the cardholder will own and control its private keys.
Ultimately, this means that users will be able to safely store their NFTs without worrying about the different exploits or hacks that have targeted other NFT platforms and cryptocurrency exchanges in the past. In other words, Robinhood's new portfolio is going to be as good as any other portfolio.
One of the most critical questions about this new wallet is how will they manage not to charge commissions if they use the Ethereum network? Zero costs: the key to conquest. Zero fees: the key to conquer the cryptoverseone of the most critical questions about this new wallet is how will they manage not to charge commissions if they use the ethereum network?
In this way, Robinhood once again demonstrates its interest in positioning itself as a relevant company in the cryptocurrency industry, taking into account that just a month ago, it unveiled plans to integrate Lightning Network into its trading platform in order to speed up bitcoin (BTC) transactions.
Robinhood explained that it will rely on third-party liquidity providers to provide the best prices when trading chips.
