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Robinhood Financial to Release Crypto Trading Which is Free of Commission

Robinhood Financial reported the release of crypto trading without any charges in four US states: California, Massachusetts, Missouri, and Montana. The rundown is to be broadened later. Robinhood Financial, California-based money related company releases crypto trading, which has no commission in some U.S. states, with others on the waitlist.

Which are the cryptocurrencies which are now charge-free?

Investors in California, Massachusetts, Missouri, and Montana can exchange Bitcoin and Ethereum with no expenses, however, clients will still be in charge of expenses charged by the underlying exchanges. More coins which can be traded are to be included later.

About Robinhood Financial

Robinhood Financial is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), which ensures securities clients of its individuals up to $500,000. It was opened in 2013 and Robinhood is a well-known stock trading application inside recent college grads with 4 million enrolled clients.

In January this year, the company propelled Robinhood Crypto which gives rivalry to the several other bitcoin trades including US-based Coinbase, which is among the main trading platforms. Presently, with absence of charges, Robinhood is probably going to bait more crypto investors.

As a feature of the release, the stock brokerage additionally released the dispatch of a web-based social network platform named Robinhood Feed. It is an online social dialogue forum that gives investors a probability to talk about various digital currencies, advertise patterns and news from the web.

Right now, Robinhood Financial has over $100 billion in exchange volume on its business platform

The primary declaration of the Robinhood’s intends to begin zero-expense crypto trades which pulled in one million clients in simply four days, the first four days. The primary thought of this sans commission exchanging is to convey digital forms of money to a more extensive audience formed of investors, giving them a platform that “democratizes” trading through extending the group of potential investors utilizing mobile and online applications.

Henry R. Lares

Henry Lares is still early into his career as tech reporter but has already had his work published in many major publications including Tech Crunch and the Huffington Post. In regards to academics, Henry earned an engineering degree from Apex Technical School. Henry has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.

Ripple (XRP) is Getting Ready for an Agreement within an International Banking System

This week, a spokesperson from Ripple has made an interesting statement: the company is currently working with 40-50 international central banks, among which the Bank of Thailand. Specialists don’t know yet if the public relations representative aimed to officially announce this or if it was an accident, but they are sure that this step could open new ways for Ripple.

In fact, the thing that puts Ripple in front of its competitors is the will to extend the collaboration with international banks and thus integrate into a central banking system that can work for many countries. In this case, Bitcoin will be disadvantaged by the possibility of remaining decentralized if they go mainstream. Of course, the announcement made by Ripple is not that surprising, because their intention was predictable; they have had discussions with many central banks and they cannot make a press conference all the time.

The latest trends focus on cross-border payments

The announcement made by Ripple was part of a panel discussion about cross-border payments. The fact that they decided to go through with the idea of a transnational banking system is the result of efforts dedicated to making international payments possible. Ripple saw that the only way in which this dream can come true is by establishing a partnership with central financial institutions which have the adequate infrastructure for holding cross-border payments.

The Bank of Thailand and other central banks are umbrellas that cover many smaller banks with local activity, so Ripple hopes that by including them in the process of international payments, the small institutions will follow. Their idea could work, if we consider that nowadays people, capital and merchandise move a lot. In the end, another question remains: 40-50 banks mean an overestimation or a realistic number? In any case, people are excited about this partnership, so Ripple should keep up the good work.

Henry R. Lares