U.S. users will be able to fund their non-custodial wallets through Robinhood Connect.<\/p>\n
MetaMask, a crypto wallet with over 30M monthly users, is partnering with Robinhood in an effort to make it easier to buy and use crypto.<\/p>\n
The wallet provider is adding Robinhood Connect<\/a>, a product which allows users to fund self-custodial wallets, to MetaMask\u2019s stable of payment processors. MetaMask has already partnered with PayPal as a payment processor for its Buy Crypto<\/a> feature.<\/p>\n \u201cRobinhood has millions of users in the US that have already gone through KYC that have already established a banking relationship,\u201d Lorenzo Santos, Product Manager at Consensys, MetaMask\u2019s parent company, told The Defiant.<\/p>\n The development may smooth the user experience of onboarding into self-custodial<\/a> crypto. \u201cA lot of back office challenges with payment processing are resolved because we’re relying on Robinhood\u2019s network, which has been proven and developed to onboard to crypto,\u201d Santos said.<\/p>\n <\/p>\n Onboarding in Web3 has been a major pain point for the space since its inception. Exchanges like Coinbase have made buying crypto relatively simple, but moving from custodially owning crypto to self-custody and using Web3 applications has proven to be a more complex problem.<\/p>\n