Popular investment platform, Robinhood, Wednesday announced the release of the Robinhood Wallet on Android OS. This latest development is part of the company’s efforts to onboard millions of potential crypto users to its non-custodial app.
With the Android expansion, Robinhood is targeting 70% of Android’s share of the global mobile OS market, a strategic move calculated to grow its user base.
The Robinhood Wallet, launched in 2023 on IOS platforms, is now available on Google Play, bringing Android users on par with IOS users around the world. Since its debut, the crypto app has recorded millions of downloads in over 140 countries.
“Launching Robinhood Wallet on Android is a big step forward in our commitment to make crypto more accessible and seamlessly integrated into daily life for millions of people around the world,” said Johann Kerbrat, GM of Robinhood Crypto.
“Whether you’re in Africa, Asia, South America, or somewhere else, Robinhood Wallet is your gateway to the future of finance, and the world of crypto and web3.” Kerbrat added.
Full Control and Ownership
In an official statement, the company reiterated its commitment to granting users full control over their digital assets. Additionally, it described today’s launch as a significant step forward in its mission to democratize finance for all.
Founded in April 2013 by Vladimir Tenev and Baiju Bhatt, Robinhood has been at the forefront of helping investors around the world access the financial markets.
How Robinhood Wallet Works
The Robinhood app allows users to hold the private keys to their crypto on various networks like Ethereum, Bitcoin, and Dogecoin.
It also enables them to store, manage, send, and receive crypto, and even swap them directly within the app using 0x and LI.FI protocols. To fund their wallets, users are allowed to transfer from a Robinhood account, another wallet, or an exchange.
On-Chain Media articles are for educational purposes only. We strive to provide accurate and timely information. This information should not be construed as financial advice or an endorsement of any particular cryptocurrency, project, or service. The cryptocurrency market is highly volatile and unpredictable.Before making any investment decisions, you are strongly encouraged to conduct your own independent research and due diligence
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