European users of Abra can now transfer money from their bank accounts to their Abra wallet. This is after the announcement that Abra now supports SEPA bank accounts. This means that members of the European Union will be able to invest in any of the 28 supported cryptocurrencies. Included in the Single Euro Payment Area (SEPA) zone are member states of the European Free Trade Association.
Additional digital coins available
In addition, Abra has revealed in a recent press release that three more cryptos are available for trading. Cardano (ADA), Basic Attention Token (BAT), and Tron (TRX) are the new additions as the platform expands. The coins join BTC, BCH, ETH, XRP, and LTC, among others that are already available on the platform.
In comments accompanying the release, Abra CEO and founder Bill Barhydt believes the move will help expand their global expansion. He also hopes that investors will have more opportunities to trade cryptocurrencies.
“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,” the CEO said.
Direct top-up for European users as Abra now supports SEPA bank accounts
Abra has hit the ground running since market introduction. The mobile app prides itself as the “first and only all-in-one cryptocurrency wallet and exchange.” Further, the app offers funding using debit and credit cards in the United States. Recently, the crypto wallet made landfall in Philippines where users can fund the wallet via physical cash.
The CEO emphasizes that even as the company expands globally, it will stick to its core principles. The company wants to provide efficient services in an easy manner that enables users to invest without difficulties. Barhydt says, “As we continue to expand our capabilities, we are by constantly looking for efficient and secure on-ramps that will enable our users to easily invest in cryptocurrencies.”
Analysts are happy that the move will further rope in investors who were still skeptical about investing in crypto. With the news that Abra now supports SEPA bank accounts, funding the wallets is easier.