Polygon (MATIC) Presents All-In-One Polygon Wallet as Robinhood App Adds Support

The decentralized Ethereum (ETH) scaling platform Polygon (MATIC) is at the center of attention today once again, as the developers announced an upgraded version of the Polygon Wallet Suite. Moreover, a popular retail trading app Robinhood has announced the integration of Polygon (MATIC) blockchain, bringing extra features along with it.

As the official thread reads, “Polygon Wallet Suite is a unified platform that enables regular crypto users to safely as well as efficiently swap, bridge, and manage all of their assets in one place, regardless of where they are stored.”

Polygon Believes Web3 Is for All

The Polygon Wallet Suite aims to solve a couple of common problems at once. According to the official blog message, most users nowadays are “confronted with risky workarounds and confusing interfaces on top of high fees and slow transaction times.” Basically, the goal is to give the customers all of the interoperability, but without confusion and compromising security. The developers repeatedly pointed out that “security is a top priority.” Ultimately, the all-in-one Wallet Suite is supposed to solve several issues at once.

The recent success of Polygon (MATIC) has made the #15 cryptocurrency by market cap reach levels not seen for a long time. For instance, Polygon (MATIC) was priced at $0.324 on June 19th, 2022. Later on, the prospering Ethereum (ETH) scaling solution got critically acclaimed by big brand names like Coca-Cola and Disney.

First of all, Coca-Cola partnered with Polygon (MATIC) to bring the first-ever Pride NFT collection. A few weeks later, Disney’s Accelerator Program included the blockchain in its 2022 edition. The Layer-2 giant might find itself in more deals with the opening of football season. Established clubs like Liverpool FC have already released the NFT collection on the blockchain.

Robinhood Adds Support for Polygon (MATIC)

Robinhood, a popular trading app for retail customers, announced they’re adding Polygon’s blockchain to the system. This comes just a day after OpenSea also announced the inclusion of the Polygon (MATIC) blockchain and its native token.

Apparently, Robinhood had opened trading for the coin quite some time ago, but only on Ethereum’s (ETH) blockchain. Now, any crypto enthusiast will have the choice between trading the token on ETH or MATIC. This move will also reduce trading fees on certain pairs.

Ultimately, Polygon (MATIC) is one of the biggest carbon-neutral blockchains in the crypto game. As the second largest cryptocurrency Ethereum (ETH) is also switching to Proof of Stake (PoS), it is likely that eco-friendly cryptocurrencies will be favored for retail adoption.

On the Flipside

  • Despite scoring a fair amount of partnerships in 2022, the Polygon (MATIC) cryptocurrency is still 71.2% down from its ATH at $2.92. The all-time high was reached 8 months ago.

Why You Should Care

As a lot of blockchain tech companies are focusing on interoperability, the solution provided by Polygon (MATIC) can arouse the interest of retail investors.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Tadas Klimasevskis is a reporter, focusing on the latest tendencies of the crypto galaxy. He spends his time digging deeper into specific areas like meme coins such as Shiba Inu (SHIB) & Dogecoin (DOGE), music NFTs, sports NFTs, digital art and Pop culture in Web 3.0. Tadas strongly believes in crypto as disruptive innovation and keeps an eye out for new crypto hubs being developed around the globe. His vast experience in social media lets him quickly spot what’s going on in the mercurial world of crypto and deliver stories with unique spins. He has been active in blockchain and cryptocurrencies since 2019.