Technology
The new Robinhood credit card is the successor to the Apple Card with the possibility of investing in the form of cash back
Eight months later launching a credit card X1 $95 million company Robinhood today announced the launch of its new Gold Card, with an inventory of features that even Apple Card users would envy.
Robinhood, higher known for its brokerage app aimed toward on a regular basis investors, is touting all sorts of advantages associated with its new card in an attempt to attract users. The card has no annual fees or foreign transaction fees. However, it can only be available to Robinhood Gold members and costs $5 per thirty days or $50 per 12 months. (Gold is a program that gives other advantages, corresponding to 5% APY on uninvested brokerage funds in the account.)
Gold Card users can earn 3% cash back across all categories, including restaurants and groceries, and 5% cash back when booking travel on the new travel site Robinhood. The cashback could be transferred to brokerage accounts that could be used for investments corresponding to purchasing stocks, the company says. The possibility of investing using cashback is the so-calledAn incredible innovation that X1 had developed before acquiring it.
Another interesting feature of the Gold Card is the ability to provide cards to members of the family. This is the first time Robinhood has introduced a family-oriented financial product, Robinhood Money General Manager Deepak Rao said TechCrunch. Rao was the founder and CEO of X1 before joining Robinhood during the acquisition.
Users will give you the chance to add up to five members of the family to their account as cardholders, and every cardholder will receive their very own card. Additional cardholders could be of any age, so parents can assist teens construct credit and monitor spending. The possibility of issuing cards to members of the family will even apply to people coming from other countries.
“The user can share the cards with parents, children or guardians and set up the right type of control and protection while helping them build credit,” Rao said. “They haven’t got to provide any information apart from their name, date of birth and Social Security number, in the event that they have one. If you are concerned about spending limits, you may set a dollar amount limit in addition to a child-safe mode.
The card also allows users to create and delete virtual cards for one-time purchases, and the APR shall be 20.24% – 29.99%, which Robinhood says will vary by market based on the Prime rate.
Robinhood also makes its physical cards uncountable, so in the event that they are lost or stolen, users won’t have to replace all of their card information. Rao said the company is also launching a new app for the new gold card, which shall be completely separate from the investment app.
Generally, the Gold account offers up to $2.25 million in FDIC insurance through a network of partner banks.
Cash back
Robinhood’s entry into the credit card market clearly follows the example of corporations like Apple, which has seen huge success with its own card (despite problems with its cooperation with Goldman Sachs). By waiving hidden fees like annual fees or late fees and applying cash back on daily basis, Apple Card exceeded over 12 million users from January.
Many cards offer cash back, but often limit it to certain categories. This card is generous in its cash back offer. For example, Apple offers 3% cash back on all purchases made at Apple and on purchases made at select merchants using Apple Card with Apple Pay. Generally, purchases made with Apple Card using Apple Pay earn users 2% back. But Apple also offers Family Sharing and a high-yield savings account with an rate of interest of 4.5%.
Of course, Robinhood will earn revenue from credit cards, that are standard transaction fees paid by merchants. He earned exchange income from his debit cards, which launched in 2018. Coastal Community Bank is a banking partner for Robinhood under the new Gold Card.
The new credit card is part of Robinhood’s business model and offerings which have evolved over the years. In December 2022, the company announced Robinhood retirement, which it billed as the “first and only” individual retirement account (IRA) with a 1% contribution on every qualifying dollar. Gold Membership, required to receive the Gold Card, increases your qualifying match to a maximum of 3%.
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Technology
US medical device giant Artivion says hackers stole files during a cybersecurity incident
Artivion, a medical device company that produces implantable tissue for heart and vascular transplants, says its services have been “disrupted” resulting from a cybersecurity incident.
In 8-K filing In an interview with the SEC on Monday, Georgia-based Artivion, formerly CryoLife, said it became aware of a “cybersecurity incident” that involved the “compromise and encryption” of information on November 21. This suggests that the corporate was attacked by ransomware, but Artivion has not yet confirmed the character of the incident and didn’t immediately reply to TechCrunch’s questions. No major ransomware group has yet claimed responsibility for the attack.
Artivion said it took some systems offline in response to the cyberattack, which the corporate said caused “disruptions to certain ordering and shipping processes.”
Artivion, which reported third-quarter revenue of $95.8 million, said it didn’t expect the incident to have a material impact on the corporate’s funds.
Technology
It’s a Raspberry Pi 5 in a keyboard and it’s called Raspberry Pi 500
Manufacturer of single-board computers Raspberry Pi is updating its cute little computer keyboard device with higher specs. Named Raspberry Pi500This successor to the Raspberry Pi 400 is just as powerful as the present Raspberry Pi flagship, the Raspberry Pi 5. It is on the market for purchase now from Raspberry Pi resellers.
The Raspberry Pi 500 is the simplest method to start with the Raspberry Pi because it’s not as intimidating because the Raspberry Pi 5. When you take a look at the Raspberry Pi 500, you do not see any chipsets or PCBs (printed circuit boards). The Raspberry Pi is totally hidden in the familiar housing, the keyboard.
The idea with the Raspberry Pi 500 is you could connect a mouse and a display and you are able to go. If, for instance, you’ve got a relative who uses a very outdated computer with an outdated version of Windows, the Raspberry Pi 500 can easily replace the old PC tower for many computing tasks.
More importantly, this device brings us back to the roots of the Raspberry Pi. Raspberry Pi computers were originally intended for educational applications. Over time, technology enthusiasts and industrial customers began using single-board computers all over the place. (For example, when you’ve ever been to London Heathrow Airport, all of the departures and arrivals boards are there powered by Raspberry Pi.)
Raspberry Pi 500 draws inspiration from the roots of the Raspberry Pi Foundation, a non-profit organization. It’s the right first computer for college. In some ways, it’s a lot better than a Chromebook or iPad because it’s low cost and highly customizable, which inspires creative pondering.
The Raspberry Pi 500 comes with a 32GB SD card that comes pre-installed with Raspberry Pi OS, a Debian-based Linux distribution. It costs $90, which is a slight ($20) price increase over the Raspberry Pi 400.
Only UK and US keyboard variants will probably be available at launch. But versions with French, German, Italian, Japanese, Nordic and Spanish keyboard layouts will probably be available soon. And when you’re in search of a bundle that features all the things you would like, Raspberry Pi also offers a $120 desktop kit that features the Raspberry Pi 500, a mouse, a 27W USB-C power adapter, and a micro-HDMI to HDMI cable.
In other news, Raspberry Pi has announced one other recent thing: the Raspberry Pi monitor. It is a 15.6-inch 1080p monitor that’s priced at $100. Since there are quite a few 1080p portable monitors available on the market, this launch is not as noteworthy because the Pi 500. However, for die-hard Pi fans, there’s now also a Raspberry Pi-branded monitor option available.
Technology
Apple Vision Pro may add support for PlayStation VR controllers
According to Apple, Apple desires to make its Vision Pro mixed reality device more attractive for gamers and game developers latest report from Bloomberg’s Mark Gurman.
The Vision Pro was presented more as a productivity and media consumption device than a tool geared toward gamers, due partly to its reliance on visual and hand controls moderately than a separate controller.
However, Apple may need gamers if it desires to expand the Vision Pro’s audience, especially since Gurman reports that lower than half one million units have been sold to this point. As such, the corporate has reportedly been in talks with Sony about adding support for PlayStation VR2 handheld controllers, and has also talked to developers about whether they may support the controllers of their games.
Offering more precise control, Apple may also make other forms of software available in Vision Pro, reminiscent of Final Cut Pro or Adobe Photoshop.
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