{"id":59815,"date":"2022-04-08T13:17:24","date_gmt":"2022-04-08T10:17:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59815"},"modified":"2025-09-05T00:01:21","modified_gmt":"2025-09-04T21:01:21","slug":"robinhood-expands-crypto-wallet-testing-and-announces-lightning-network-support","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/robinhood-expands-crypto-wallet-testing-and-announces-lightning-network-support\/","title":{"rendered":"Robinhood expands crypto wallet testing and announces Lightning Network support"},"content":{"rendered":"<p>The online broker Robinhood expanded access to beta testing of its cryptocurrency wallet and said it plans to integrate the Lightning Network in the coming months.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Sent \u2705 Received \u2705 <a href=\\\"https:\/\/t.co\/52vq3IMEoW\\\">https:\/\/t.co\/52vq3IMEoW<\/a><\/p>\n<p>\u2014 Robinhood (@RobinhoodApp) <a href=\\\"https:\/\/twitter.com\/RobinhoodApp\/status\/1512136953059151876?ref_src=twsrc%5Etfw\\\">April 7, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Anyone on the nearly two-million-strong waitlist will be able to test the wallet&#8217;s functionality. All cryptocurrencies offered on the platform are available for transactions.<\/p>\n<p>Residents of New York, Nevada and Hawaii will not have access to the service.<\/p>\n<p>Robinhood&#8217;s CTO Aparna Chennapragada outlined the wallet&#8217;s capabilities in a blog post:<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>QR codes for sending digital assets;<\/li>\n<li>enhanced security and fraud protection measures, including mandatory 2FA and address verification;<\/li>\n<li>the ability to view cryptocurrency prices in dollars before sending;<\/li>\n<li>the ability to track the status of transfers.<\/li>\n<\/ul>\n<p>Network fees will be charged in addition to the broker&#8217;s fee.<\/p>\n<p>Chennapragada promised to share further details as the functionality expands.<\/p>\n<p>Robinhood <a href=\"https:\/\/u1f987.com\/en\/news\/robinhood-confirms-rumors-of-testing-a-cryptocurrency-wallet\">announced<\/a> the wallet beta test in September 2021 and its rollout to all users during 2022.<\/p>\n<p>By the end of October, <a href=\"https:\/\/u1f987.com\/en\/news\/the-number-of-people-awaiting-robinhoods-crypto-wallet-launch-has-surpassed-one-million\">more than 1 million users<\/a> had joined the waitlist.<\/p>\n<p>In December the online broker<a href=\"https:\/\/u1f987.com\/en\/news\/chainalysis-to-help-robinhood-with-compliance-controls-in-the-cryptocurrency-space\"> struck a deal<\/a> with Chainalysis to comply with regulatory requirements.<\/p>\n<p>In January, thousands of selected customers <a href=\"https:\/\/u1f987.com\/en\/news\/robinhood-launches-beta-version-of-cryptocurrency-wallet\">started<\/a> beta testing of the wallet.<\/p>\n<p>Earlier, CEO Vlad Tenev <a href=\"https:\/\/u1f987.com\/en\/news\/robinhood-chief-says-cryptocurrencies-are-the-cornerstone-of-the-companys-future-development\">called cryptocurrencies the cornerstone of Robinhood&#8217;s future growth<\/a>.<\/p>\n<p>In March, the online broker <a href=\"https:\/\/u1f987.com\/en\/news\/robinhood-launches-debit-card-with-cryptocurrency-cashback\">said<\/a> it would replace debit cards with a new Cash Card offering cashback in digital assets.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The online broker Robinhood expanded access to beta testing of its cryptocurrency wallet and said it plans to integrate the Lightning Network in the coming months.<\/p>\n","protected":false},"author":1,"featured_media":59816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[325,1234,57],"class_list":["post-59815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-lightning-network","tag-robinhood","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=59815"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59815\/revisions"}],"predecessor-version":[{"id":59817,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59815\/revisions\/59817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/59816"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=59815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=59815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=59815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}