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Laxman Pai, Opalesque Asia: The cryptocurrency wallet and exchange Abra is introducing a new channel for deposits: European bank accounts.
Residents in the Single Euro Payments Area (SEPA), as well as additional nations in the European Union, can now initiate direct transfers from European banks, offering one more point of entry into the growing sector of cryptocurrency investing.
A press release from Abra claimed that it is the first and only all-in-one cryptocurrency wallet and exchange. "Abra is the only App that enables global users to buy, store and invest across 28 cryptocurrencies and 50 fiat currencies," it said.
"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," said Bill Barhydt, founder and CEO of Abra. "This new feature is helping to change the way people invest, adding to a brighter future for the cryptocurrency market around the world."
The new functionality enables every user in Europe the ability to fund their Abra wallet using their European bank account and then use the funds to invest in any of the 28 cryptocurrencies supported on Abra.
Previously, Abra wallets were funded using bank and wire transfers in the United States as well as via American Express, Visa and MasterCard debit and credit cards around the world.
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