Robinhood Opens Cyptocurrency Trading to Georgia Residents

Robinhood, a commission-free stock trading platform, announced that residents in the state of Georgia can now invest in cryptocurrency through the app.

Users in Georgia can now trade bitcoin, bitcoin cash, ethereum, litecoin, and dogecoin. Residents should have the option to trade coins in their Robinhood app without changing any settings.

Robinhood, which started as an easy, no-fee way for retail customers to invest in the stock market, is slowing rolling out crypto trading to various states since its announcement earlier this year.

Availability and Limited Wallet Options

Robinhood Crypto is coming to Georgia, and we're feelin' peachy! Trade cryptocurrencies, commission-free. 🍑 pic.twitter.com/8eX57gv8sw

— Robinhood (@RobinhoodApp) August 2, 2018

The slow roll-out is a way to gauge investor interest, according to Robinhood. Clearly, something must be going right, as the app has been adding more states at a faster clip. As another speed bump, Robinhood has to work with regulations on a state-by-state basis in order to get clearance for residents to trade digital coins. Trading is now available in over 18 states, according to Robinhood’s support page.

Robinhood currently acts more as a custodian of cryptocurrencies. Users do not have access to their private keys, and a wallet interface is not yet built in. This means users cannot send or receive coins with the app. All users can do at this stage is buy, hold, or sell the currencies. However, Robinhood has stated its plans to add transfers “in the near future.”

From a Small Start to Big Plans

The initial launch of cryptocurrency trading started with only four states. Other states were recently opened up for trading including Iowa (July 31) and New Jersey (July 9).

An update from Robinhood’s blog states:

With the release of Robinhood Crypto, we’re continuing our mission of making the financial system work for everyone, not just the wealthy.

With over 4 million users, Robinhood is poised to become one of the largest crypto exchange platforms, assuming the rollout continues to run smoothly. It could also topple Coinbase as the most popular trading platform for Americans.

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Published at Fri, 03 Aug 2018 01:08:17 +0000

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April 6, 2017

Humaniq Project collected $1,300,000 in the first hour of ICO

Luxembourg City, Luxembourg – April 6 – Humaniq launched their ICO on the 6th of April at 00:01 CET. After several publications and respected analysts reviewed the fundamentals of the project, Humaniq experienced a groundswell of support and the team was contacted by Brett King and Chris Skinner who expressed their enthusiasm.

[Note: this is a press release.]

Based on the results of the first hour of the ICO, Humaniq has already reached the first goal in the crowdsale dashboard, with the total amount collected exceeding $ 1,300,000. Humaniq can add one more achievement to its honor board, see for yourself:

April 2016 – the inception of the Humaniq idea by Alex Fork

November 2016 – the original project team was formed

December 2016 – the official launch of the project and announcement of pre-ICO

December 2016 – In two weeks Humaniq collected $ 115,000

February 2017 – Alex Fork conducted the first performance tests of the project in unbanked regions of India

March 2017 – Alpha version of the app is available for testing on IOS and Android

April 2017 – Humaniq collects $1.3 million in the first hour of their ICO

More about ICO

● ICO began at 00:00 CET on 6 April, 2017, and for the first 48 hours there will be a bonus of 49.9% for early investors

● From 8-14 April the bonus will be 25%, and finally 12.5% from 15-21 April.

● The ICO ends at 23:59 CET on April 26th.

Join ICO – https://my.humaniq.co

Why Humaniq is a Unique Project?

Humaniq is an iOS and Android-based banking 4.0 app that uses biometric ID to set up new accounts and verify transactions, and will target the two billion people globally who do not have access to formal banking services.

Humaniq solves the issue of people from emerging economies not being connected to the power of the global economy. The app will allow users to sign up without providing formal documentation or needing to visit a bank branch by using cutting-edge biometric technology on a smartphone. Users will be able to earn money by performing services for other users, and then convert this money into cryptocurrencies like bitcoin or ether, or utilize mobile cashiers to exchange Humaniq tokens (HMQ) for local currency. The suite of planned services also includes P2P loans, small business loans, insurance, pension and investment accounts, and document security.

To encourage adoption of the network, users will be educated by regional ambassadors in the value the app can bring to their lives. New users will be able to buy cheap android phones for as little as $10 and then earn the money back within one or two weeks of performing tasks for outsourcing firms through the Humaniq app.

Humaniq Leadership Team

Alex Fork, who is the head of futurefintech.org, and blockchain.community board member.

Dinis Guarda – Vice President and Chief Strategy Officer, Board of Directors, UK at Humaniq

Richard Kastelein, Interim CMO – Director at Blockchain Partners and CryptoAlchemy, Publisher of Blockchain News and founder of ICO event CryptoFinancing Conference.

Alakanani Itireleng, director of the Satoshicentre in Botswana, head of Humaniq’s regional ambassador program, and one of the leading voices for bitcoin in Africa.

About Humaniq

Humaniq’s main goal is to create an Ethereum Blockchain based financial services app that will bring mobile banking to an audience of two billion people who currently don’t have access to non-exploitive financial services. In addition to providing financial services, the app will also act as the infrastructure backbone for 3rd party services to plug into, such as insurance providers, p2p lenders, and data security firms.

The post Humaniq Project collected $1,300,000 in the first hour of ICO appeared first on Bitcoinist.com.

Robinhood Opens Cyptocurrency Trading to Georgia Residents

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