Will Robinhood’s Lightning-Fast Transactions Aid Growth?

Cryptocurrency and stock trading platform provider Robinhood (NASDAQ: HOOD) is planning to introduce a network with which its crypto wallet holders can undergo transactions at lightning speed. The move is expected to help clients save money and time. Demand in the Bitcoin network will determine the amount of network fees to be charged. Also, Robinhood expects such transfers to lower the carbon footprint of every transaction, as the need for validation will not be present. At a Bitcoin conference, Robinhood's Chief Product Officer Aparna Chennapragada said that the company recently completed rolling out Crypto Wallets to eligible candidates on the WenWallets waitlist. The rollout had initially begun in January 2022.