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.
Salespeople at the firm often went beyond the matching algorithm to recommend network advisors on its Zoe Wealth platform, according to the regulator.
The Protect College Sports Act would cap school payments and codify NIL rights, with implications for advisors guiding young athletes.
"I know the number that I want to be able to retire on, and now I just want out," says Wilmington Trust's Marguerite Weese, describing a common refrain among business-owner clients.
Bessemer and Brown Brothers Harriman veteran Robert Ludricks III and private markets specialist Olof Akesson join the ultra-high-net-worth push on the East Coast.
765 investors were promised 260% annual returns on truck leases
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
