Crypto wallet and exchange startup Abra is working to expand the geography of its client base. Offering support for euro area payment (SEPA) bank accounts, Abra enables users from Europe to transfer euro or other national currencies directly to Abra from European banks. Because of this move, residents of European countries will have one more chance to enter the world in constant development of investment encryption.
Speaking of their new initiative Bill Barhydt, founder and CEO of Abra, said:
"With users from over 70 countries around the world, and greater demand for the ability to invest in cryptocurrency from any bank account , it is really important to give investors the opportunity to fund their Abra portfolio directly from any bank account.This new function is helping to change the way people invest, adding a brighter future to the cryptocurrency market throughout the world. "
Abra's main objective is to facilitate investments in cryptocurrency for all. The project founded in 2014 is a global all-in-one app that provides the functionality of a cryptographic exchange and a digital wallet in one place. The model chosen by Abra is 100% P2P as it is not necessary to involve a mediator in any phase of a transaction.
Abra users have the opportunity to work with 28 cryptocurrencies and 50 legal currencies on a single app. Thanks to the efforts of the startup more and more people are able to enjoy all the possibilities of the app.
Although Abra previously offered digital wallet funding only through wire and cable transfers in the United States and through American Express, Visa and MasterCard debit and credit cards from different corners of the world, the situation has now changed.
Currently, every person in Europe will be able to finance their Abra digital portfolio through a bank account opened in one of the European banks. European bank transfers will be made in accordance with the SEPA guidelines. According to these guidelines, residents of some European countries will have the opportunity to deposit not only the euro but also their legal tender currency.
The SEPA standards cover 28 members of the European Union and four members of the European Free Trade Association. It means that residents of these countries will have access to a number of Abra functions and will be able to make cross-border payments via direct debit transactions.
When users transfer money to Abra, they get Bitcoins in their digital wallets where they can keep their funds, or exchange them with other currencies, or convert them into their legal currency, or send them back to their bank accounts.
The announcement of Abra's support for SEPA is not the only one that has been recently done by the company. It was also revealed that Abra will add support for three new coins: Cardano (ADA), Basic Attention Token (BAT) and Tron (TRX).