American financial services giant Robinhood is rolling out the beta version of its crypto wallets program after months of anticipation.
According to a new blog post, the company will hand out crypto wallets to the 1,000 customers who were on top of the program’s waitlist for testing and safety checks.
Robinhood says that by March, the number will be increased to 10,000 before the wallets are eventually distributed to every person on the waiting list.
Participants will be responsible for testing out the core features of the wallet, including potential updates as well as its safety features. The beta version of the wallet will allow users to send and receive crypto assets from Robinhood to external crypto wallets, connecting holders of digital assets on the popular trading app to blockchain projects for the first time ever.
“Beta testers will help us test core functionality and provide critical feedback to inform the final version of the product…
Connecting millions of Robinhood customers to the blockchain ecosystem in a safe, accessible setting is a massive undertaking. We take this responsibility seriously, which is why we’re rolling out wallets methodically.”
Beta testers will have a daily limit of $2,999 in total withdrawals and will be limited to just 10 transactions per day.
Robinhood first announced the crypto wallets projects last September. Currently, the trading giant supports trading for seven digital assets: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ethereum (ETH), Ethereum Classic (ETC), and Litecoin (LTC).
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