> its not like without this, they would not be able to acquire more users The “personal financial independence” crowd avoids this stuff like the plague, althou

> its not like without this, they would not be able to acquire more users The “personal financial independence” crowd avoids this stuff like the plague, although seemingly ironic, those crowds primarily cater to people that lack the most basic understanding of a bank account who need to repair and control horrible financial situations They are steered clear from capital markets, aside from managed ETFs and retirement plans But add .25% interest rate improvement in a bank account and these people will salivate over it Robinhood going above competitors, even at the expense of going above market rate, would have gotten there attention They would park their money in that account and have easy access to stocks and cryptocurrencies, allowing Robinhood to continue their big data/market sentiment/payment for order flow selling business with greater efficacy