ABRA Crypto Wallet adds Cardano (ADA) and Tron (TRX) Coin Support
Cryptocurrencies still continue to trend as more and more cryptos are being generated each day. With the rise of the number of cryptocurrencies in the market, more exchanges are also being developed. There are currently more than 200 crypto exchanges in the world and about 22 million Bitcoin wallets.
An exchange is a platform that allows one to exchange fiat currencies for cryptocurrencies and vice versa or cryptocurrencies for cryptocurrencies while a wallet is more of a virtual bank that’s allows one to store their cryptos and also send and receive payments. ABRA operates both in one app. It supports 28 cryptocurrencies and 50 fiat currencies. One can easily manage their crypto investments in one place.
ABRA Latest Updates
On 5th September 2018, ABRA announces the integration of TRON (TRX), Cardano (ADA) and Basic Attention Token (BAT) into their wallet. It is also diversifying its wallet by including payments from European bank accounts. ABRA users now have the following payment options: Cash (in the Philippines), Bank and wire transfers (in the U.S, Europe and Philippines), Credit or debit cards, Bitcoin and Litecoin.
CEO Bill Barhydt explained that ABRA works with regulated exchange partners in different territories who take our customer's personal identifying information and process deposits, withdrawals and bitcoin purchases. He said that the company is working with Coinify as their first partner in Europe to enable European bank integration via SEPA. Users in Europe can now do a SEPA bank transfer from their European bank account directly to ABRA's exchange partner. The equivalent amount of bitcoin will be added directly to the user's ABRA wallet.
More About ABRA
ABRA was founded by Bill Barhydt, an entrepreneur with over 20 years’ experience. The ABRA team is headquartered in Silicon Valley but also has other offices in Manila, Philippines. It is available anywhere in the world. It is in 2018 that ABRA has made major developments and more is still to be expected.
ABRA is the first and only all-in-one app that allows users to buy, sell and store their currencies. Users can easily exchange across any available currency with no deposit or exchange transaction fees, at any time with no limitations. Although it does not charge any transaction fees for exchanges, it makes money on the exchange speed where they generate exchange rate income on the spread between different currencies.
The ABRA model is 100% peer-to-peer, with no middleman involved at any point in any transaction. It is giving heavy competition to other wallets such as Coinbase which only offers five cryptos to its users, has limited payment method, charges transaction fees, and is supported in only 33 countries.