Cryptocurrency wallet provider, Abra, announced yesterday that its users will now have the ability to make crypto purchases worth $20,000 using their online web portal or mobile app. However, what’s more, is that investors can choose to pay for their purchases using their Mastercard or Visa enabled payment methods.
While Abra has previously supported the use of AMEX, wire transfers and ACH deposits, this new movie intends to introduce the crypto sector to an all-new target audience looking to make a splash within this space.
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With the introduction of credit card support, Abra users are now looking at severely reduced processing times. This is in part due to the fact that ACH and Wire transfers can take anywhere between 1-8 days to process, thereby leaving a lot of uncertainty— especially when considering the volatile nature of today’s crypto market.
In relation to this latest development, Abra CEO Bill Barhydt had the following words:
“With this launch, we can now offer a simple way for customers globally to use Abra to buy their first Bitcoin using any Visa or Mastercard, and then start investing in any of the other 24 cryptocurrencies we support today.”
Lastly, the core buying options that users are presented with when they make use of the Abra app include:
Augur (REP), Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Dash (DASH), DigiByte (DGB), Dogecoin (DOGE), Ether (ETH), Ethereum Classic (ETC), Golem (GNT), Litecoin (LTC), Lisk (LSK), Monero (XMR), NEM (XEM), NEO (NEO), OmiseGO (OMG), QTUM (QTUM), Ripple (XRP) ,Status (SNT), Stratis (STRAT), Stellar (XLM), Verge (XVG), Vertcoin (VTC), Zcash (ZEC) and 0x (ZRX).
Abra has always been a forerunner of sorts when it comes to making smart crypto oriented business moves. Now by enabling average enthusiasts to buy sizeable digital assets with their credit card allows for a new level of financial flexibility and freedom that has never been witnessed in this space before.
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