Robinhood Crypto reveals new wallet feature, and Google announces web3 tools: CNBC Crypto World in 1000 words
With the rise of digital currencies such as Bitcoin, Ethereum, and Litecoin and the growing interest in blockchain technology, it’s no wonder that financial institutions and tech companies are jumping on the bandwagon. Two recent announcements have made headlines in the world of crypto: Robinhood Crypto’s new wallet feature and Google’s announcement of web3 tools. CNBC’s Crypto World takes a closer look at these developments.
Robinhood Crypto’s New Wallet Feature
Robinhood is a popular trading app that allows users to buy and sell stocks, options, and now, cryptocurrencies. Robinhood Crypto launched in 2018 and currently offers trading for seven different cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Up until now, Robinhood Crypto users have only been able to buy and sell cryptocurrencies on the app. However, the company recently announced that it is launching a new wallet feature that will allow users to transfer their crypto holdings in and out of the app.
This is a significant development for Robinhood Crypto users, as it allows them to take their cryptocurrencies off the trading platform and store them in a secure wallet outside of Robinhood. This gives users more control over their crypto holdings and provides an added layer of security.
In addition to the wallet feature, Robinhood Crypto also announced that it is planning to launch recurring investments, which will allow users to automatically buy cryptocurrencies on a regular basis. This is similar to the company’s existing feature for buying stocks, which has proven to be popular among users.
Overall, these developments are a positive sign for Robinhood Crypto users, as they provide additional flexibility and control over their crypto holdings.
Google’s Announcement of web3 Tools
Google has also made a big announcement in the world of crypto. The tech giant recently announced a suite of web3 tools that will make it easier for developers to build decentralized applications (dApps) on the Ethereum blockchain.
The web3 tools include a software development kit (SDK) that will allow developers to build and run Ethereum dApps on Google’s cloud platform. This makes it much easier for developers to create and deploy dApps, as they will be able to do so using familiar tools and services.
In addition to the SDK, Google also announced a partnership with several blockchain infrastructure providers, including Chainlink and Polygon. These partnerships will provide Google Cloud customers with access to a variety of blockchain services, including oracles (which allow dApps to access off-chain data), smart contract infrastructure, and security services.
Overall, Google’s announcement is a significant development for the Ethereum ecosystem and the wider blockchain community. By providing easy access to web3 tools and services, Google is helping to make blockchain development more accessible and approachable for developers of all skill levels.
Conclusion
Both Robinhood Crypto’s new wallet feature and Google’s announcement of web3 tools are positive developments for the world of crypto. Robinhood Crypto’s wallet feature gives users more control over their crypto holdings, while Google’s web3 tools make it easier for developers to build and deploy dApps on the Ethereum blockchain.
As the world of crypto continues to evolve, it’s likely that we’ll see more announcements like these from other companies looking to capitalize on the growing interest in digital currencies and blockchain technology. For investors and developers alike, these developments offer exciting new opportunities for innovation and growth.
CNBC Crypto World is a daily show that covers the latest news and daily trading updates from the digital currency markets. The show provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. In today’s show, Robinhood Crypto GM Johann Kerbrat explained the new feature to help fund digital asset wallets, while Richard Widmann, global head of strategy for web3 at Google Cloud, revealed the new tools for web3 developers.
The crypto industry is constantly evolving, with new developments and updates emerging every day. CNBC Crypto World is an essential resource for anyone interested in this exciting and rapidly growing field. Whether you are an experienced trader or a newcomer to the world of digital currencies, this show has something to offer.
One of the key topics covered in today’s episode was the new feature from Robinhood Crypto that allows users to fund their digital asset wallets. This is a significant development for the industry, as it helps to streamline the process of buying and storing cryptocurrencies. Robinhood Crypto, a subsidiary of the popular stock trading app Robinhood, has been making waves in the crypto world with its innovative approach to trading and investing in digital assets.
Another highlight of the show was the interview with Richard Widmann, global head of strategy for web3 at Google Cloud. Widmann revealed some exciting new tools and developments for web3 developers, highlighting the potential of this emerging technology to transform industries and disrupt traditional business models.
CNBC Crypto World offers a unique perspective on the crypto industry, bringing together experts and insiders from across the field to provide a comprehensive overview of the latest trends and developments. Whether you are interested in trading, investing, or simply learning more about this innovative and dynamic industry, this show is a must-watch.
In addition to its daily updates and interviews, CNBC Crypto World also features a range of informative explainers and in-depth stories that offer a deeper dive into the world of digital currencies. From the basics of blockchain technology to the latest trends in decentralized finance, this show is a valuable resource for anyone looking to stay up-to-date on the latest developments in this fast-moving industry.
Overall, CNBC Crypto World is a must-watch for anyone interested in the world of digital currencies. With its daily updates, expert interviews, and informative explainers, this show offers a comprehensive look at the latest trends and developments in the industry. Whether you are a seasoned trader or a newcomer to the crypto world, you won’t want to miss a single episode of this exciting and informative show.
