On March 22, 2022, <a href="https://www.cryptoknowmics.com/news/robinhood-will-expand-its-crypto-wallets-beta-program/">Robinhood Markets, Inc</a> an American financial services corporation launched Robinhood Cash Card. The Cash Card is set to replace the present Cash Management Debit Card which was originally announced in 2019. 

Robinhood Markets, Inc shared the news of the launch on their <a href="https://blog.robinhood.com/">official website</a> on Tuesday. 
<h2>The Objective of the New Robinhood Cash Card</h2>
The initiative for a revised version of the debit card is to provide opportunities to the new generation. By beginning their investing journey and additionally, receiving rewards for every transaction via Robinhood.

Robinhood Comms shared their announcement on Twitter which garnered positive comments from users. 

https://twitter.com/RobinhoodComms/status/1506307538853187598

The highlight of the ingenious and innovative debit card is the availability of an option for users to automatically invest in stocks as well as crypto. For instance, if a buyer purchases an item costing $10.55 with their Cash Card, then Robinhood rounds up the payment to $11 and uses the extra to invest in assets. 
<h2>Attributes of the Robinhood Cash Card</h2>
To encourage the use of Robinhood Cash Card, the financial services company has decided to incentivize an extra 10 to 100 percent weekly round-up. Alongside that, Robinhood Cash Card has also assured users of a variety of other features. 

These include instant savings that help customers in combating inflation by offering savings on shopping from their favorite high-end brands. Secondly, by setting up direct deposit, consumers can access their paycheck two days early. In addition, Robinhood guarantees no hidden fees such as monthly fees, subscriptions, overdraft fees, etc.

Robinhood Markets Inc. Announced of an Ingenious Debit Card

Robinhood Markets, Inc launched Robinhood Cash Card that helps users in automatically investing in digital assets, or crypto.

Priyanka is an active crypto enthusiast. Having graduated with a BA in Journalism and Mass Communication, she is a passionate content writer with a strong understanding of financial content. She has been writing on crypto and blockchain-related topics for the last three years and is an active trader.

Robinhood Markets Inc. Announced of an Ingenious Debit Card

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