Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Popular Crypto App Targets Mainstream, Lets Users Buy $20,000 in Bitcoin With Visa and Mastercard

by Daily Hodl Staff
July 13, 2018
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

Startup Abra has integrated new options for buying Bitcoin. Through its website or via the Abra app, users can now buy Bitcoin with a Visa or Mastercard credit card or debit card from anywhere in the world.

Prior to the addition of the new payment options, US Abra users could use American Express and worldwide Abra users could buy Bitcoin by linking to a bank account and making an ACH deposit or a wire transfer. Processing times are usually 1-3 business days for ACH transfers and 5-8 business days for wire transfers.

The Visa and Mastercard options dramatically increase the speed at which users can purchase cryptocurrency, and it increases the spending limit. Users can buy up to $20,000 worth of Bitcoin at a time, a ten-fold increase over the $2,000 limit for bank deposits.

The new purchasing options have the potential to reach a worldwide audience of hundreds of millions of credit card holders. Abra already has users from 70 countries. “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,” said Abra CEO Bill Barhydt in an interview with Bitcoin Magazine.

Abra also offers users without bank account services the option to buy altcoins using Bitcoin and Litecoin.

The company has partnered with Simplex, a fintech company, to power the new payment options. As an EU licensed financial institution, Simplex focuses on fraud prevention using an AI algorithm.

Abra is a non-custodial wallet and does not directly hold customers’ funds. Instead, it implements blockchain technology that lets users hold the keys to their own funds, facilitating trades for 25 cryptocurrencies, and allowing users to send and receive Bitcoin, Litecoin and over 50 fiat currencies.

Crypto enthusiasts can invest in the following coins:

  • 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)
  • 0x (ZRX)


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
  • Everest Receives Crypto Custodian Approval
    February 23, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$46,549.00
$46,549.00
5.43%
Ethereum
$1,453.76
$1,453.76
7.92%
Binance Coin
$224.09
$224.09
8.86%
Polkadot
$31.23
$31.23
5.7%
Cardano
$1.25
$1.25
10.52%
XRP
$0.429173
$0.429173
6.99%
ADVERTISEMENT

Spotlight

  • ‘Big Short’ Investor Michael Burry Issues Warning on Future of Bitcoin and Gold
    February 22, 2021
  • Altcoin Daily Names Top 8 Altcoins Poised To Erupt in March
    February 26, 2021
  • Here’s Why Financial Advisory Giant The Motley Fool Is Investing $5,000,000 in Bitcoin
    February 19, 2021
  • SpaceX Is Exploring Benefits of Placing Bitcoin on Its Balance Sheet, According to MicroStrategy’s Michael Saylor
    February 23, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.