Robinhood Launches 'Connect' Fiat-to-Crypto On-Ramp at Consensus 2023, Introduces Web3 Integration and Upgrades to App

Robinhood Launches 'Connect' Fiat-to-Crypto On-Ramp at Consensus 2023, Introduces Web3 Integration and Upgrades to App



At Consensus 2023 on April 27, Robinhood announced the launch of "Robinhood Connect," a fiat-to-crypto on-ramp that enables users to purchase and sell cryptocurrency directly to and from their self-custody wallet or in DApps using a credit or debit card.



The service is positioned as a competitor to Coinbase Pay and MoonPay, and features integration with Web3 projects, allowing developers to embed the service into applications.



Currently, the Robinhood Connect is only available in certain ecosystems, but support for Exodus and Phantom is ongoing. Johann Kerbrat, general manager of Robinhood Crypto, stated that the service was developed to encourage more people to enter the cryptocurrency space.



Robinhood, a traditional finance company, is one of the few companies to enter the market for fiat-to-crypto services. Robinhood has 23


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