Abra is one of those companies which is of great importance to the right people. Their service can be quite invaluable in many different ways. Even a company such as this one needs to keep evolving at all times. That is easier said than done, though. Adding support for new currencies through their mobile app is certainly a good place to start.
It is evident Abra can play a big role in the world of finance. This will only occur if they support enough currencies to actively make a difference. As of right now, Abra supports 20 cryptocurrencies and 50 fiat currencies. All of these assets can be accessed from within the app. Users can always exchange, buy, and sell these currencies intermittently without limitations.
Some Interesting Choices by Abra
With the new app launching today, 13 initial cryptocurrencies will be available. The remaining 7 will be added in the next few days. Newer names on the list include Bitcoin Cash, Ethereum Classic, Dash, Dogecoin, Golem, and Vertcoin. This list will also include Bitcoin Gold, Augur, Status, Stratis, and a few others in the next week or so. An interesting collection of currencies, albeit few of them have actual use cases.
Funding one’s Abra wallet can still be done through Bitcoin, bank wires, or ACH and even AmEx cards. Using Bitcoin is subject to no additional KYC verification, which is always worth looking into. Exchanging between any of the 70 supported currencies is done without transaction fees. There is an exchange spread to take into account, but the company has to make money somehow.
This list of new currencies is quite intriguing. It also raises a lot of questions, for obvious reasons. Some of these currencies have limited to no use cases as we speak. As such, there will be very low demand for these currencies moving forward. Some big names also remain surprisingly absent from this list. It will be interesting to see how this change affects the company as a whole.
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