Robinhood Markets is working on a new feature allowing users to send cryptocurrency as gifts, according to news reports.
Developer Steve Moser discovered code in a beta version of Robinhood’s iPhone app that he shared with Bloomberg, the news service writes. The code would allow cryptocurrency to be sent via digital gift cards, with the option of sending messages of up to 180 characters, according to Bloomberg. Users would also be able to retract the gift before it’s accepted, the news service writes, citing the code.
The feature isn’t available to users yet, and a Robinhood spokesperson declined comment to Bloomberg.
While it’s unclear whether the company will implement the function, previous code findings did reveal features it eventually rolled out, such as support for crypto wallets, according to the news service.
Some crypto services, including Coinbase, already offer crypto gift card options, Bloomberg writes.
Robinhood, meanwhile, has been steadily expanding its crypto offerings, with Christine Brown, chief operating officer, saying last month that it had 1.6 million people on the wait list for its cryptocurrency wallet, projected to launch early next year.
But the firm’s crypto offerings have also caused the company some headaches. Bloomberg reported in June that Robinhood’s crypto business attracted scrutiny from the Securities and Exchange Commission that was delaying the firm’s initial public offering, although the IPO debuted the following month.
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