Robinhood (HOOD): Lightning Network Coming To The App

By Amit Chowdhry ● Apr 7, 2022
  • Robinhood Markets (NASDAQ: HOOD) is going to use the Lightning Network for Bitcoin transactions. These are the details.

At the Bitcoin 2022 conference today, Robinhood Markets (NASDAQ: HOOD) Chief Product Officer Aparna Chennapragada announced that the Bitcoin Lightning Network will be coming to the stock and crypto trading app to facilitate speedier BTC transactions. 

And Chennapragada also revealed that eligible users from the beta crypto waitlist can now send and receive crypto through the crypto wallet feature. General availability for the wallet will start next month.

Chennapragada noted that this is a “fantastic’ Way to access Bitcoin in a cheaper and faster way. Bitcoin has been Robinhood’s biggest recurring buy asset for this year, including stocks and crypto.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.