Polygon, Shiba Inu Now Available On Robinhood Wallet: Details

Polygon [MATIC], Shiba Inu [SHIB], Solana [SOL], etc are among the crypto assets that have been added to Robinhood Wallet for all iOS users globally, the company announced via a blog post.

The crypto exchange revealed that over 1 million users have signed up for the waitlist and it is now available globally via the Apple App store where it has already been downloaded in more than 130 nations.

Robinhood Wallet is a multi-chain, self-custody, Web3 wallet that enables users to hold and trade cryptocurrencies, and connect to a number of decentralized applications [dapps].

Since the time it entered the beta era last September, the crypto wallet has undergone several notable changes based on customer feedback.

In addition to Polygon, Robinhood Wallet now supports Ethereum and more than 50 ERC tokens, such as SHIB, SOL, UNI, USDC, and many others without the need for a waitlist or invitation code.

We’ve added support for NFTs on both Ethereum and Polygon, so users are able to safely view and store their favorite collections. 

According to Johann Kerbrat, general manager of Robinhood Crypto, the response to Robinhood Wallet has been overwhelmingly positive when it initially debuted in beta. The startup wants to make Robinhood the most dependable, affordable, and user-friendly gateway to cryptocurrency.

Besides iOS users, the firm also stated that Android compatibility will arrive later in 2023.

The partnership between Robinhood and Polygon began in August 2022, when the platform implemented support for MATIC deposits and withdrawals on the Polygon proof-of-stake [PoS] chain.

Robinhood’s First Non-Custodial Web3 Wallet Was On Polygon

Then in Sept 2022. the trading platform tapped Polygon over Ethereum for its first non-custodial crypto wallet.

That being said, the leading layer-2 scaling protocol for Ethereum has rolled out its first decentralized ID product powered by ZK proofs.

After nearly a year of announcement, Polygon launched a zero-knowledge decentralized identity solution to the public.

The new ID service utilizes zero-knowledge proofs [ZK proofs] that use cryptographic techniques to allow users to verify their identity online without the help of any third party.

It also claimed that is its first ZK-based digital ID tool that allows users to hold credentials locally on handheld devices such as smartphones, and that users will no longer need passwords

The team further stated that Polygon ID was built to “solve the issue of digital trust.”

Lipika Deka: Lipika is a crypto-journalist at TWJ. A graduate in economics and finance, she has a keen interest in the political and socio-economic facets of blockchain technology and the cryptocurrency industry.