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Robinhood announced new perks for its Gold Members. It’s part of the Robinhood Banking services. In one year, there are only 100k members, with a waiting list of 3 million people.
Among other benefits, you receive a 4% APY on your savings. However, the one service that stood out was cash delivery on demand. So, let’s take a closer look at what Robinhood is cooking.
What Is the Cash Delivery Service by Robinhood?
The cash delivery service by Robinhood is exactly what it says. You get cash delivered to your doorstep. However, as of now, there’s no mention of limits you can order. It’s like a Grab or Uber service but for cash. So, you don’t need to go out and look for an ATM, in case there’s no ATM available in your neighborhood. Or, if you don’t feel like stepping outside your house.
Source: Robinhood’s Banking
The service will have fees, and overage will vary based on geographic location. There’s also no information on insurance for the delivery person or service. Walking around with a large amount of cash could potentially get the attention of bad actors.
According to their website, this service should be available in the fall of 2025. However, Gold Members can apply for early access. A similar service is already active in certain areas of Central and South America. Rappi offers this service, among others, in Mexico. The dispatched Rappi driver withdraws the requested amount from an ATM. Once he has the cash, he delivers it to your doorstep. You pay the requested amount and the service fee in the Rappi app.
NEW: Robinhood launches a feature where you can have on demand cash delivery. A driver will come to your location and literally give you cash. For emergency…egg purchases…
What could go wrong?pic.twitter.com/dSuKb8DeDb
— Autism Capital
(@AutismCapital) March 27, 2025
This service is part of a bigger service upgrade that Robinhood will offer later this year. It also includes a ‘Strategies’. This works like a private wealth management service. The other update is their Cortex service. This is an AI investment tool.
Robinhood presented all these new features a week ago during their ‘The Lost City Of Gold‘ event. This took place in San Francisco. The three features all aim to improve wealth management. The cash delivery service is part of their Banking upgrade.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
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