Abra, the first and only all-in-one cryptocurrency wallet and exchange, today announced its support for Single Euro Payment Area (SEPA) bank accounts. With today’s announcement, European users can now initiate direct transfers from European banks, providing a further entry point to the growing cryptocurrency investment sector.
“With users from over 70 countries around the world and a greater demand for ability to invest in cryptocurrencies from any bank account, it is very important to offer investors the opportunity to fund their Abra wallet directly from any bank account”, affirmed Bill Barhydt, founder and CEO of Abra. “This new feature is helping to change the way people invest, adding a brighter future to the cryptocurrency market around the world.”
The new feature allows all users in Europe to finance their Abra portfolio using their European bank account and then use the funds to invest in one of the 28 cryptocurrencies supported on Abra.
“Continuing to expand our capabilities, we are constantly looking for efficient and safe access ramps that allow our users to easily invest in cryptocurrencies,” says Barhydt. “Ease, efficiency and effectiveness are essential to help our customers invest”.
Previously, Abra portfolios were financed by bank transfers in the United States, as well as by American Express, Visa and MasterCard debit and credit cards worldwide. Officially, Abra’s European bank transfers will take place using the SEPA guidelines. Within SEPA, several European member countries will also be able to deposit fiat national currency in addition to the euro. The SEPA area includes the 28 members of the European Union as well as four members of the European Free Trade Association (Austria, Germany, the Netherlands). , Belgium, Greece, Poland, Bulgaria, Hungary, Portugal, Cyprus, Ireland, Romania, Czech Republic, Italy, Slovak Republic, Denmark, Latvia, Slovenia, Estonia, Lithuania, Spain, Finland, Luxembourg, Sweden, France, Malta, Kingdom United and Croatia, Iceland, Monaco, Switzerland, Liechtenstein, Norway, San Marino).
The wallet is unique because it is not custodial, in which the cryptocurrencies and the private key of the portfolio are held directly by the user. The Abra model is 100% peer-to-peer, with no intermediaries who can ever hold, manage or touch user funds at any time in any transaction.
Once European users have transferred money to Abra they will receive the bitcoins in their Abra portfolio where they can be securely stored, traded for another 28 “altcoins,” or reconverted their currency and re-deposited back into the user’s Abra Europa -based bank.
Along with news of its SEPA support, the company announced the addition of three new coins. Cardano (ADA), Basic Attention Token (BAT) and Tron (TRX) will be available in the Abra app as well as Bitcoin [BTC], Bitcoin Cash [BCH], Dash [DASH], Dogecoin [DOGE], Ethereum [ETH] , Ethereum Classic [ETC], Golem [GNT], Litecoin [LTC], OmiseGO [OMG], Qtum [QTUM], Ripple [XRP], Vertcoin [VTC] Zcash [ZEC], Bitcoin Gold [BTG], Stellar Lumens [ XLM], DigiByte [DGB], Augur [REP], State [SNT], Stratis [STRAT], 0x [ZRX], Monero [XMR], NEM [XEM], NEO [NEO], Lisk [LSK] and Verge [ XVG].
In addition to the new coins released, from the next few days users will also have the opportunity to finance their Abra portfolio using Bitcoin Cash (BCH). This would add to the new SEPA wire transfers and cryptocurrency deposit options already available in the app today.