Abra a crypto wallet and exchange startup has opened up a new way for deposits in European bank accounts.
Bill Barhydt, founder and CEO of Abra stated with keeping SEPA in mind,
“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, SEPA (Single Euro Payment Area ), allows each and every users in Europe to fund their wallet through their European Bank account directly. Also, they can use this balance directly to invest in 28 cryptocurrencies supported by Abra Wallet.
Before this move, clients could finance their wallets utilizing bank or wire exchanges inside the U.S., or buy digital currencies with American Express, Visa and Mastercard debit or credit cards.
Under SEPA, many of the European part nations will also be qualified to deposit national fiat currency along with Euros. The SEPA region incorporates the 28 members from the European Union, and also four individuals from the European Free Trade Association.
The Abra wallet is one of its kind as it is non-custodial. The digital currencies and the wallet’s private key are held straightforwardly by the client with no middleman consistently holding, overseeing or contacting the clients’ reserves anytime in any transaction.
The Abra has added three new coins along with its support for SEPA Token (BAT), Tron (TRX), and Cardano (ADA) have joined the Abra wallet with BTC, ETH, ETC and so on.
In a few days, users will also be able to finance their Abra wallet utilizing Bitcoin Cash (BCH). This would come in addition to the recently launched SEPA bank exchanges and cryptographic money deposit options accessible in the application today.