Consensys, the well-known blockchain firm behind the development of MetaMask, reported the coming together of the duo in a new public statement. MetaMask intensified the move with a resulting divulgence on X.
Hello @RobinhoodApp customers 👋! We’re happy to announce that US users will now be able to buy and transfer crypto on MetaMask with Robinhood Connect.
Click below to read more about the integration: https://t.co/A5FoL9EBrq
— MetaMask 🦊 (@MetaMask) February 6, 2024
As indicated by MetaMask’s revelation, the incorporation with Robinhood is now live on the dApp tool MetaMask Portfolio, the MetaMask internet browser extension, and the MetaMask mobile application. Notwithstanding, this new feature is simply accessible to U.S. occupants only.
Metamask And Robinhood endeavor
Prominently, Robinhood offers a functionality known as Robinhood Connect. It permits clients to purchase and move crypto assets for self-authority wallets consistently. The component works with quick transactions with insignificant charges, using payment techniques, for example, debit cards and bank accounts.
As indicated by the new official statement from Consensys, the most recent partnership between the U.S. trading stage and MetaMask will offer clients the chance to use the Robinhood Connect Interface through MetaMask’s Purchase Crypto feature.
For setting, the Purchase Crypto feature from MetaMask works on the most common way of obtaining different digital currencies like Shiba Inu. It does this by empowering clients to make direct buys with the MetaMask wallet utilizing government-issued currency.
The cooperation works with the blend of Robinhood’s Connect and MetaMask’s Buy Crypto to give clients a decent road to buy crypto resources like SHIB in their personal wallets. Consensys promotes it as a work toward lessening the rubbing that accompanies crypto adoption.
The Need For Easy Onboarding
In the official statement, the group at Consensys referred to a worldwide survey last year, which uncovered that the 15,000 survey members exhibited a desire for community participation. Information affirmed that around 79% of the 15,000 people looked for personal control over their personality on the web.
Blockchain-based conventions answer this developing need. In any case, the survey found that most respondents had not embraced the Web3 solution as a result of the complexities and difficulties that come from onboarding.
As indicated by Consensys, this pattern highlights a need to utilize blockchain-based protocol, particularly crypto self-custodial solutions, simple to use for starters. The new association with Robinhood will assist with working with a simple way for new members to buy assets like Shiba Inu.
Notwithstanding being a traditional trading stage, Robinhood has kept on supporting the crypto scene in the midst of growing adoption. Robinhood listed Shiba Inu in April 2022 and has since seen elevated interest, bringing about SHIB being the third biggest crypto asset it holds.
Other than Robinhood, other protocols in the crypto space have designed numerous roads to help beginners consistently buy assets like Shiba Inu. BitPay collaborated with Ramp Network last April to empower clients to effectively purchase SHIB. DODO, a DEX aggregator, likewise took a comparative action the same.