Robinhood (HOOD) is launching a Cash Card and banking on consumer spending trends to unlock its next growth opportunity.
For each transaction, Robinhood Cash Card customers can decide whether to round up their change to the nearest dollar when they make purchases and they can then choose an investment asset to direct their spare change to.
“The next generation has a high interest in investing, but it is out of reach for many because they’re caught up in the cycle of spending” Robinhood…
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