Mentioned:
Robinhood is on a mission to change the future of finance. And they are coming after ATMs next.
What’s happening:
- Robinhood (NASDAQ: HOOD) has announced their plans to launch a new venture known as Robinhood Banking to allow users to access ATMs throughout the United States of America
The big idea:
- Robinhood Banking will provide users the ability to access any Allpoint and MoneyPass ATMs without being charged any fees
- Robinhood also plans to launch the ability for cash to be directly delivered to residential home for users in select locations
Why it matters:
- Robinhood has been aggressively rolling out new products and features of late, including deepening their bet on digital assets and crypto
Going deeper:
- Robinhood also just recently made waves when they launched their new partnership with Kalshi, which enables American users to wager on the outcome of real world events directly from the Robinhood trading platform
