On March 22, 2022, Robinhood Markets, Inc 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 official website on Tuesday. The Objective of the New Robinhood Cash Card 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. Introducing the Cash Card, a new debit card and spending account by Robinhood Money that helps people start building investing habits—and get rewarded—by spending on the things they need and love. https://t.co/WSxexfhK8d — Robinhood Comms (@RobinhoodComms) March 22, 2022 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. Attributes of the Robinhood Cash Card 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. ...
