THELOGICALINDIAN - At the Bitcoin Miami Conference 2022 allowance close Robinhoods Chief Product Officer Aparna Chennapragada appear abutment for the secondlayer acquittal band-aid Lightning Network This will acquiesce Robinhood users to accelerate and accept burning BTC affairs for about 0 fees Chennapragada said
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The advertisement was broadcast on an official post, Robinhood claims to be alive on abacus added appearance to its crypto wallets. The affiliation with BTC’s Lightning Network is allotment of a action to abate users’ costs to transact with agenda assets and access interactions with the crypto ecosystem.
Robinhood is yet to acknowledge a specific date for its Lightning Network integration. However, Chennapragada said the afterward on the allowances for the users:
In addition, the controlling said that the affiliation with this second-layer acquittal band-aid has a absolute appulse on the environment. According to Chennapragada, Lightning Arrangement affairs “reduce the carbon footprint” of the BTC network.
Chennapragada additionally said that BTC is Robinhood’s best alternating buy cryptocurrency year-to-date (YTD), according to a report by Forbes. The controlling didn’t accommodate absolute numbers, but the cardinal one crypto seems to be ascent in popularity.
As apparent below, Bitcoin is added accepted than Apple (APPL) stocks, Ethereum (ETH), Tesla (TSLA), and alike meme bread DOGE. This suggests that Robinhood users “love Bitcoin and stacking sats”.
Bitcoin And Crypto Take Over Robinhood
The allowance close enables users to acquirement equities and agenda assets for 0 fees. In that sense, the alternating affairs metrics adumbration at an important akin of acceptance for this asset chic in the United States.
Although it stood abaft the cardinal one crypto by bazaar cap, Ethereum is amidst the best accepted crypto assets on Robinhood. This trend could strengthen in the advancing months.
In accession to a Lightning Network integration, Chennapragada appear that the belvedere accepted admission to a crypto wallet for anybody on their WenWallets waitlist. Over two actor bodies will be able to transact with BTC, ETH, DOGE, and added cryptocurrencies.
Thus, users will be able to accept “full access” to their crypto and can move it to alien wallets or use it to participate in the crypto ecosystem “by angled on amusing media, advantageous for NFTs and more”. Vlad Tenev, CEO and Co-Founder at Robinhood said:
Related Reading | New Crypto Wallet Launched By Robinhood For 1,000 Users To Test
At the time of writing, BTC’s amount trades at $43,600 with alongside movement in the aftermost week.
Bitcoinist will be at Bitcoin 2022 Miami in Miami Beach, FL from April 6th through 10th advertisement alive from the appearance attic and accompanying events. Check out absolute advantage from the world’s better BTC appointment here.
