Which of These 4 Cryptocurrency Apps Should You Use: Abra, Robinhood, Circle or Cash App?
Fintech is rapidly spreading across the world with blockchain falling slightly in 2018 after huge gains in the previous year. The last year has however seen an influx in a number of fintech companies taking up blockchain to provide its users with day to day financial solutions.
The past year saw the highest institutional investment in blockchain since the advent of the technology. In the first half of 2018 alone, the industry raised a total of $57.9 billion USD, overshadowing 2017’s total investment by $19 billion USD. The field is growing by the day as more governments take a hold on the regulation of the industry. A report by Pricewatershouse Coopers (PwC) showed that over 77% of the companies lean towards adopting blockchains in the future.
Top Cryptocurrency Apps
This shows the potential the industry faces as more businesses turn towards blockchains and fintech. In this article, we highlight the top fintech companies focusing on the blockchain.
Robinhood started in 2013 offering a traditional trading platform through a mobile-based app that has reduced trading fees and allows traders to make trades at their own convenience. The exchange that promises to offer free transaction fees to the customers introduced cryptocurrencies in February 2018. The platform offers users a wide range of assets to invest in including ETFs, stocks, and options as well as Bitcoin and Ethereum.
The platform is available in the United States only which limits its growth potential. However, the company has seen steady growth since its time of launch with 4 million users across the states and raised $360 million USD during the last round of funding.
Another geographically limiting company is Circle Invest, only available in the United States and European Union countries. The platform offers its users a wide range of investment opportunities in digital assets including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), Zcash (ZEC), Monero (XMR), Stellar (XLM), 0x (ZRX), Qtum (QTUM), EOS (EOS), and Basic Attention Token (BAT).
Circle invest application allows users to instantly buy digital assets for as low as $1 USD which has seemed an increase of users to the site.
The past few years have seen a number of charities and peer to peer payment systems crop up especially in the U.S. Cash App has grown to massive status after the addition of Bitcoin (BTC) to the application. The audience is growing fond of the use of BTC even amidst the falling prices. Cash App does not deal with exchanges but personal private brokers to complete the deals on the app. The only disadvantage of the app is the availability to U.S citizens only.
Abra has incorporated a number of digital assets on the platform and allows the users to purchase Bitcoin (BTC) for fiat across the Philipines and the U.S. The well-established wallet is used across 155 countries across the world with high-security measures such as storing users private keys offline to discourage hacks on the user's funds.
The company recently introduced trading of ETFs and stocks of publicly listed companies.