MetaMask and Robinhood Connect Integrate to Make it Easier to Access Web3
February 06 2024 - 10:00AM
Business Wire
New integration allows customers to purchase
crypto through Robinhood’s low cost order engine, facilitating web3
adoption through a secure, user-friendly, and self-custodial
approach.
Today, Consensys, the leading blockchain and web3 software
company, and Robinhood Markets, Inc (NASDAQ: HOOD), launched the
integration of Robinhood Connect with MetaMask, the world’s leading
self-custodial web3 wallet. Using MetaMask’s Buy Crypto feature,
customers can now purchase crypto through Robinhood’s low cost
order engine. The launch is part of MetaMask’s ongoing goal of
supporting the adoption of web3 by providing more users with
frictionless, secure, and self-custodial onboarding to web3.
Self-custodial options like MetaMask allow crypto users to
maintain complete control over their digital assets. By integrating
two leading platforms in web3 and financial technology, Robinhood’s
customers can now use Robinhood Connect to purchase crypto through
MetaMask’s Buy Crypto aggregator, which allows them to seamlessly
and easily buy crypto from a number of different providers.
“The integration between MetaMask and Robinhood is an exciting
step in our shared commitment to reduce friction for users seeking
access to a self-custodial option,” said Lorenzo Santos, Senior
Product Manager at Consensys. “We know that crypto and internet
users want greater control and ownership. This will help more
people access crypto in a seamless and self-custodial manner, by
offering more buying options with service providers they already
use and trust.”
“At Robinhood it's our mission to reduce friction wherever
possible to increase adoption of web3," said Seong Lee, Head of
Product at Robinhood Crypto. "Robinhood Connect provides a seamless
experience for existing Robinhood customers to fund their
self-custody wallet via debit, bank transfer, or Robinhood buying
power. This feature allows users to start using their crypto right
away.”
A 2023 global survey of over 15,000 respondents conducted by
Consensys found a strong shift in internet user behavior toward
active participation, empowerment, and broader community ownership.
79% of respondents want more control over their identity on the
internet and 67% of respondents believe they should own the things
they make online. Meanwhile, a third of respondents cited the
complexity of web3 technology as a key barrier to entering the
crypto ecosystem. Consensys views these expectations of internet
users as indicative of a fundamental shift in the desired
relationship between users and the platforms and services they
access. These findings highlight the need to simplify crypto users’
access to self-custodial services.
About Consensys
Consensys is the leading blockchain and web3 software company.
Since 2014, Consensys has been at the forefront of innovation,
pioneering technological developments within the web3 ecosystem.
Through our product suite, including the MetaMask platform, Infura,
Linea, Diligence, and our NFT platform, we have become the trusted
collaborator for users, creators, and developers on their path to
build and belong in the world they want to see. Whether building a
dapp, an NFT collection, a portfolio, or a better future, the
instinct to build is universal. Consensys inspires and champions
the builder instinct in everyone by making web3 universally easy to
use and develop on. To explore our products and solutions, visit
https://consensys.io/.
About Robinhood
Robinhood Markets is on a mission to democratize finance for
all. With Robinhood, people can invest with no account minimums
through Robinhood Financial LLC, buy and sell crypto through
Robinhood Crypto, LLC, spend, save, and earn rewards through
Robinhood Money, LLC, and learn about investing through
easy-to-understand educational content. Cryptocurrency services are
offered through an account with Robinhood Crypto, LLC (“RHC”) (NMLS
ID: 1702840). RHC is licensed to engage in virtual currency
business activity by the New York State Department of Financial
Services.
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version on businesswire.com: https://www.businesswire.com/news/home/20240206923691/en/
pr@consensys.io press@robinhood.com
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