Abra Adds Support for European Bank Accounts to Enable Users Buy and Sell Cryptos Easily

Abra Adds Support for European Bank Accounts to Enable Users Buy and Sell Cryptos Easily

Cryptocurrency News
September 4, 2018 by Jane
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Digital asset mobile app Abra announced it has made it possible for European users to be able to make direct transfers from European banks. With today’s announcement, European users can now initiate direct transfers from European banks, offering one more point of entry into the growing sector of cryptocurrency investing. Residents in the Single Euro Payments
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Digital asset mobile app Abra announced it has made it possible for European users to be able to make direct transfers from European banks. With today’s announcement, European users can now initiate direct transfers from European banks, offering one more point of entry into the growing sector of cryptocurrency investing.

Residents in the Single Euro Payments Area (SEPA), as well as additional nations in the European Union, can now transfer euros or other national currencies directly to Abra, which in turn deposits bitcoin into users’ digital wallets.

Bill Barhydt, the founder and chief executive of Abra, stated:

“With users from over 70 countries globally, and a greater demand for the ability to invest in cryptocurrencies from any bank account, it is really important to give investors the opportunity to fund their Abra wallet directly from any bank account. This new feature is helping to change the way people invest, adding to a brighter future for the cryptocurrency market around the world.”

Once European users have transferred money to Abra they will receive the bitcoin into their Abra wallet where it can be securely stored, exchanged for 28 other “altcoins,” or converted back to their currency and re-deposited back into the Abra user’s Europe-based bank.

The support for SEPA was announced alongside the addition of three new coins – Cardano (ADA), Basic Attention Token (BAT) and Tron (TRX), which will be available in the Abra app in addition to 25 other popular cryptocurrencies.

 

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