ABRA Cryptocurrency Platform Offers Support For European Bank Accounts

Abra, an American financial and technology company that manages an all-in-one crypto currency purse and an exchange application, began offering support for the  Single Euro Payments Area  (SEPA) system.

Thereforea, European users can now initiate direct transfers from European banks, offering one more entry point to crypto investment. Earlier, Abra’s purses were financed through bank transfers in the US, as well as through American Express, Visa and Mastercard debit and credit cards around the world.

The Abra wallet is not custodian, which means that the cryptocurrencies and the private key of the wallet are stored directly by the user. The Abra model is 100% P2P, without intermediaries.

Along with the above news, the crypto company announced the addition of three new coins: Cardano (ADA), Basic Attention Token (BAT) and Tron (TRX) in the application.

The expansion of Abra in the European market supplements the currently allowed transfers from American and Philippine bank accounts. The application for smartphones also offers financing through credit and prepaid cards in the US, through cash in the Philippines and deposits in BTC, LTC and BCH. It should be noted that Bitcoin Cash deposits are also a new addition to the platform.