Utilize the full power of the Metaverse, which will provide you with daily benefits and rewards I'm going in!

Robinhood allows US users to gift crypto for the holidays

3 min reading

Gifting cryptocurrency this holiday season, as per the trading app, could support newcomers in "taking the first step" and lead to intriguing dinner table discussions in the future.

The trading app Robinhood has revealed that over the holiday season users will be enabled to gift crypto to family and friends.

Apart from Hawaii and Nevada, Robinhood users will be able to send little enough as $1 in Bitcoin (BTC) or six other cryptocurrencies using a personalised digital card commencing Dec. 22. The trading app has set a 14-day window to accept the gift, after which the user will not be charged, to assure the crypto is not lost by a recipient reluctant or unable to utilise it.

"Crypto gifting is a great way for our customers to help remove the emotional and economic barrier of their friends and family taking their first step into crypto," Christine Brown, Robinhood Crypto COO and Lead said."It is also an easy and immediate gift for those that are already crypto fans."

Robinhood's services are comparable to those offered by Block, previously Square, as well as PayPal and Coinbase. It's uncertain whether the crypto gifting feature will be accessible after the holidays.

According to research by lending firm BlockFi revealed that many Americans would accept cryptocurrencies such as Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE) as gifts this holiday season. The same research, though, discovered that the majority of people cannot transfer crypto.

Robinhood, which has more than 22 million users, is now developing a digital wallet feature that will be available to all users in early 2022. The share price of Robinhood (HOOD) has gradually dropped since going public on the Nasdaq in July, from an all-time high of $70.39 on Aug. 4 to $18.16 recently, a fall of about 74 %.




Currency Exchange rate Buy cryptocurrency

Utilize the full power of the Metaverse,
which will provide you with daily benefits and rewards

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Ommyo.Net (www.ommyo.net). Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the ommyo.news/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Ommyo.Net c/o Fintech Labs Global Solutions, Unit 303, Ile Du Port, Mahe, Seychelles

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.