Trading app Robinhood has announced that its users will be able to souvenir friends and family crypto over the holiday flavour.

In a Th proclamation, Robinhood said its users — with the exception of those in Hawaii and Nevada — could send as little equally $1 in Bitcoin (BTC) or six other cryptocurrencies with a personalized digital card starting on Dec. 22. To ensure the crypto is not lost by a recipient unwilling or unable to use information technology, the trading app has ready up a xiv-day window to accept the souvenir, at which point the user will not be charged.

"Crypto gifting is a bang-up way for our customers to aid remove the emotional and economic barrier of their friends and family unit taking their start stride into crypto," Robinhood crypto chief operating officeholder and lead Christine Dark-brown told Cointelegraph. "Information technology is also an easy and immediate gift for those that are already crypto fans."

Gifting crypto through Robinhood. Source: Robinhood

Robinhood's offering is like to those currently offered by Block, formerly Square, in addition to PayPal and Coinbase. It'southward unclear if the trading app intends to make the crypto gift-giving feature bachelor after the holidays.

Cointelegraph reported on Dec. vii that a report by lending firm BlockFi showed many Americans would be willing to accept cryptocurrencies including BTC, Ether (ETH), and Dogecoin (DOGE) as gifts this vacation flavour. However, the same survey revealed that the majority of respondents did not accept the skills to transfer crypto.

Related: Gifting crypto to loved ones this holiday? Educate them first

With more than 22 one thousand thousand users, Robinhood is currently testing its digital wallet feature, which is expected to launch for all customers in early on 2022. Since going public on the Nasdaq in July, the share price of Robinhood (HOOD) has declined steadily from an all-fourth dimension loftier of $70.39 on Aug. 4 to $18.16 at the fourth dimension of publication, a drop of roughly 74%.