Abra, a cryptocurrency investment platform, now has added support for thousands of U.S. banks.
Abra is a cryptocurrency wallet/investment app where users can purchase over 30 different cryptocurrencies. Yesterday, the company announced that users will now be able to connect their accounts with thousands of U.S. banks. While U.S. and EU users have been able to fund their wallets through a bank transfer, they will now be able to directly connect their bank(s). In addition, users will be able to withdraw DGB, DOGE, DASH, BAT, NEO, ZEX, OMG, QTUM, VTC, ZEC, ZEC, GNT, STRAT, REP, and SNT in addition to the other coins already on the platform. Depositing those cryptocurrencies will soon be available according to the company (no date available yet).
“The addition of these new liquidity enhancements in our app gives users more ways to move between crypto and fiat.” -Bill Barhydt, CEO of Abra
Earlier in 2019, the company announced that users will be able to buy fractions of traditional investments using Bitcoin. Users in over 155 countries will be able to invest in stocks and ETFs with a minimum of $5.
“We are building bitcoin-backed investing products because, for the first time, we can truly democratize access to investment opportunities at a global scale. It shouldn’t matter where you live or how much you earn to be able to make investments and participate in capital markets.” -Bill Barhydt