Cryptocurrency Exchange and Wallet App Abra Adds BCH Support
Users of the cryptocurrency exchange and wallet app Abra can now make deposits and withdrawals to their accounts with BCH. Bill Barhydt, the founder and CEO of the company told about the native support for BCH, including deposits and withdrawals.
Abra Adds BCH Support
Abra, a cryptocurrency wallet app and exchange, has announced native support for BCH, including deposits and withdrawals. This means that in addition to funding the wallet with BTC, LTC, bank transfers, wire transfers, or credit and debit cards, users can now also fund Abra from any BCH wallet anywhere in the world.
The company described in its announcement to any users that may not be familiar with BCH that: “Bigger block proponents, including the creators of BCH, argue that the increased blocksize is important to keep the Bitcoin code aligned with the original vision laid out in the Bitcoin Whitepaper written by Bitcoin’s founder, Satoshi Nakamoto. Put simply, BCH was made to act like a better version of P2P digital cash because, at the time of the hard fork, processing transactions on the Bitcoin blockchain had become slow and costly.”
Abra is an all-in-one global app offering a crypto exchange and digital wallet in one place made for making cryptocurrency investing simple. It enables users to buy, store, invest and hold 28 cryptocurrencies and 50 fiat currencies on a single app, and control all crypto investments in one screen. The wallet is defined as non-custodial, meaning that cryptocurrencies and the wallet’s private key are held directly by the user. The Abra model is said to be 100% P2P, without middleman ever holding, managing or touching the funds at any point in any transaction.
The company was founded in 2014 by Bill Barhydt, a veteran in the cryptocurrency space and an early Netscape employee. Investors include American Express Ventures, First Round Capital, Foxconn Technology Group, Arbor Ventures, Lerer Hippeau, RRE Ventures, Silver8 Capital and others. Last week Abra announced support for SEPA bank account holders increasing the number of countries serviced by the company by 35.