Robinhood says Lightning Network is coming to the app
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Robinhood Markets (NASDAQ:HOOD) announced that the Lightning Network is coming to the app.
Robinhood Chief Product Officer Aparna Chennapragada made the announcement at the Bitcoin 2022 conference in Miami Beach. The lighting network will be integrated into Robinhood's bitcoin wallet.

"This is a fantastic way of both increasing the ability and power of bitcoin in sending and receiving payments, much faster, much cheaper, pennies vs dollars," Chennapragada said.
Bitcoin is the No. 1 recurring buy asset for 2022 across all assets, ahead of Tesla (TSLA) and Apple (AAPL) on the Robinhood app, Chennapragada announced.
"This is a really clear inflection point for normalizing and enabling many more people to come into the world of crypto and bitcoin," Chennapragada.
Chennapragada also announced that more than 2 million people on the Bitcoin wallet waiting can now send and receive Bitcoin. There will be general availability for the wallet next month.
Last week, Robinhood said to launch retirement accounts to challenge traditional brokerages.