Robinhood Debuts New Non-Custodial Crypto Wallet

Robinhood is finally rolling out a beta version of its non-custodial crypto wallet to 10,000 customers on its waitlist after announcing the product in May, its CTO and general manager of crypto, Johann Kerbrat, told TechCrunch. The product is called Robinhood Wallet and will be the company's first internationally-available app, Kerbrat said. From a report: The company revealed new details about the offering in conjunction with the beta launch, most notably that it will launch exclusively with Polygon, a popular layer-two blockchain that plugs into Ethereum and makes the network faster and cheaper to use. This means beta users will be able to purchase the Polygon MATIC token on Robinhood's main exchange app and transfer it to their Robinhood Wallet. They will also be able to access dApps directly on the Polygon network, including DeFi apps such as Uniswap, Balancer and Kyberswap, and metaverse games such as Decentraland, a spokesperson for Polygon said in an email to TechCrunch. Over time, the Robinhood team plans to build out multi-chain support for the wallet beyond the Polygon ecosystem, Robinhood crypto product manager Seong Seog Lee told TechCrunch.

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