Cardano (ADA), Tron (TRX) and Basic Attention Token (BAT) Added to Abra, EU Bank Deposits Supported
Abra just released a string of announcements. The popular cryptocurrency wallet has added support for Cardano (ADA), Tron (TRX) and Basic Attention Token (BAT), and plans to allow users to fund Abra wallets using Bitcoin Cash (BCH) in the coming days.
The app will also enable customers to make transfers from European bank accounts directly to Abra wallets.
The new functionality effectively allows every user in Europe to fund an Abra wallet using a European bank account. A European bank account customer can then buy any of the 28 cryptocurrencies supported on Abra.
The Abra app interface allows users to check prices, track portfolios and exchange cryptos for other cryptos through Bitcoin. Users can also buy any of the 50 fiat currencies available.
Bank accounts in all 28 members of the European Union, as well as four members of the European Free Trade Association, are supported for cryptocurrency purchases.
Abra is an all-in-one cryptocurrency wallet and exchange. The goal is generate a wide on-ramp for new and existing cryptocurrency investors who want to invest in a range of coins, including smaller coins with smaller market caps that are not in the top 10 or 20.
28 Cryptocurrencies Supported on Abra
Prior to the announcement, users were able to fund their Abra wallets by using bank and wire transfers in the US as well as via American Express, Visa and MasterCard debit and credit cards around the world.
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Abra is completely peer-to-peer and allows wallet users to hold their own private keys directly without any intermediaries. European users who transfer money to Abra can receive Bitcoin in their wallets for safe storage, exchange for other altcoins, or to convert back to fiat currency.
Competitor Coinbase currently supports five cryptocurrencies: Bitcoin, Litecoin, Ethereum, Bitcoin Cash and Ethereum Classic.
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 or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
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