Crypto and investment wallet, Abra had a few announcements today with news of new banking support and crypto withdrawal options.
The new bank service follows on from integration with Plaid, a fintech service that users to connect their banks account to their bank accounts. That same principle will now be utilised on Abra. As such, it will allow users to fund purchases directly from the app, as opposed to having to transfer money to the app beforehand. Thus, it will blur the line between crypto and fiat currencies, which was why the idea was formulated as per Abra’s CEO, Bill Barhydt, who stated that it “gives users more ways to move between crypto and fiat.”
Even those who use small banks will not be excluded either, with even very small institutions being made part of the new service. Paul Williamson, Plaid’s head of sales, stated that “Consumers need to be able to invest their money wherever they choose, regardless of where they bank.”
In the same announcement, they also released details of 30 new withdrawal options, an upgrade from just 3 previously, bitcoin (BTC), bitcoin cash (BCH), litecoin (LTC) and ether (ETH). They also explained that deposit options are also set to be expanded and that soon users will also be able to buy fractions of traditional investment instruments through their service too.
It seems Abra are looking to wave some magic into service.
Jack Dorsey, the founder and CEO of social network, Twitter, is getting ever closer to the launch of his very own cryptocurrency. For some, founding one of the most popular social media brands in the world might be enough. For others, creating a successful payment system will tick the box of satisfaction. To accomplish both […]
Months of fantastic promotion and so much positive feedback from the first AI & Blockchain Summit of November 2018 have led to these couple of exciting days, with the 2019 2nd edition of this trailblazing conference. Our team at Cryptimi was delighted to be invited to this fantastic event, with VIP access no less, needless […]
Binance CEO, Chang Zhao has put a lawsuit into motion against, Sequoia Capital, a venture capital firm, after the company brought an injunction against him for breaching an exclusivity agreement. The case against him was dismissed after being found to have been “improperly obtained”. However, CZ, as he is known in the industry, is claiming […]
The Central Bank of Russia is reportedly considering the creation of a gold-backed cryptocurrency. The news comes directly from the governor of the bank of Russia, Elvira Nabiullina, who believes that it could have benefits in settling international settlements. She revealed this earlier today whilst addressing the State Duma, the lower house of the Russian government. […]
The Malta A.I. & Blockchain Summit, in partnership with CC Forum Blockchain, AI & Digital Innovation, expects to welcome more than 5,000 attendees, 400 exhibitors, and 1500 investors through its doors tomorrow, as the blockchain and emerging tech sector focuses its gaze on Malta, the Blockchain Island. The two-day event will connect global thought leaders, […]
The world’s most popular Youtuber, PewDiePie has caused a massive 67% increase on subscribers since joining DLive. Back in April, we reported on how the Swedish-born gamer and YouTube personality was set to join DLive, a gaming platform built on cryptocurrency. Well, it seems that he has made quite an impact already as their subscribers […]
According to reports from the local press, the cybercriminal was apprehended in the small Dutch city, Apeldoorn. The suspected has been identified as Berry van Mourik who back in 2017 accumulated $2.2million via a mining rig scam. Van Mourik had held the position as a senior executive of two firms which sold rigs. He promised […]
Two UK financial bodies have revealed that Britons lost a staggering £27million in scams involving cryptocurrency and Forex exchanges over the course of 2018/2019. The figure was uncovered by The Financial Conduct Authority (FCA), a UK financial watchdog, and, Action Fraud, a centre for scams and cybercrime. They revealed that most of the crime was […]