Abra users can now upload funds from European bank accounts

[Buenoscoin]

Abra announced through a press release that now, from its platform, its users can deposit and transfer from European bank accounts. He also confirmed that they would now have up to three new cryptocurrencies to trade on their platform, namely; Tron (TRX), Cardano (ADA) and Basic Attention Token (BAT).

With this integration, users of the North American platform that also have a bank account attached to the Single Euro Payment Area (SEPA) that covers all members of the European Union will be able to transfer money directly to their digital asset wallets to acquire any of the 28 cryptocurrencies available on your platform.

On this, Bill Barhydt, former member of Goldman Sachs and founder and CEO of Abra, said that this initiative was motivated due to the high demand from its customers in more than 70 countries. "We want to give investors the opportunity to deposit into their Abra accounts from any bank account," he said.

In this way and to venture into the market of the old continent, Abra would complement its old forms of payment that would include bank transfers from North American entities and the Philippines.

Also, its mobile application allows users to charge funds through their prepaid and credit cards in the United States, physical deposits in the Philippines, and deposits in Litecoin, Bitcoin and Bitcoin Cash, the most recent addition to the platform.

In addition, Barhydt took the opportunity to clarify during an interview for CNBC that Abra was not an application to exchange cryptocurrencies, but to invest.

"Abra is an application to invest in cryptocurrencies, in the same way that Fidelity is an investment application in shares", explaining also that the users of its community are investors that bet on long-term cryptocurrencies, since "cryptocurrencies are here to stay. "

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