Robinhood Markets Inc. is working on a feature that will let users send cryptocurrency to other users as a gift, according to code discovered in a beta version of the company’s iPhone app.
The code indicates that the feature will allow the sending of cryptocurrency via digital gift cards that can be accompanied by messages up to 180 characters in length. A user who sends a cryptocurrency gift will also be able to retract it anytime before it is accepted, according to the code.
The hidden code for the feature was discovered in a beta version of the app by developer Steve Moser and was shared with Bloomberg News. The feature is not yet available for use by consumers. Will McCormick, a spokesperson at Robinhood, declined to comment.
It’s unclear when Robinhood may enable the function, but code findings in the past have revealed upcoming Robinhood features, including support for crypto wallets. The gifting feature would be an escalation of Robinhood’s work with cryptocurrencies. Other future features revealed by code include spare change investing and the ability to receive direct deposits early.
While crypto gift cards would be new to Robinhood, such functionality is already offered by crypto services including Coinbase. Users can also gift coins via standard cryptocurrency transfers between wallets.
Looking to refine your strategy for investing in stocks in the US market? Discover expert insights, key trends, and risk management techniques to maximize your returns
The RIA led by Merrill Lynch veteran John Thiel is helping its advisors take part in the growing trend toward fee-based annuities.
Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
