The cryptocurrency wallet and exchange app Abra has expanded its services to European barriers.
Abra is thrilled to announce it is available in the Single Euro Payments Area (SEPA). What does it mean? If you find yourself in the location mentioned above, it means you have the green light to directly transfer any of national currency to the Abra crypto wallet, which in turn will convert funds into Bitcoin automatically.
Once you have Bitcoins in your wallet, choose smart how to invest them. The mobile app presently supports 28 digital assets, including Bitcoin, Dash, Dogecoin, Ethereum, Litecoin, Stellar, Ripple, and others.
Check the full list here:
The Single Euro Payments Area (SEPA) “harmonises the way cashless euro payments are made across Europe. It allows European consumers, businesses and public administrations to make and receive the following types of transactions under the same basic conditions
- credit transfers
- direct debit payments
- card ”
The SEPA’s conditions make it easy to process digital payments in euro. The area includes all countries in the EU plus the following additional nations: Iceland, Norway, Switzerland, Liechtenstein, Monaco and San Marino.
Abra collaborates with Coinify
According to Abra CEO Bill Barhydt, the crypto platform collaborates with blockchain-based payments processor Coinify to offer support for European financial institutions.
“Abra works with regulated exchange partners in different territories who take our customer’s personal identifying information and process deposits, withdrawals and bitcoin purchases. Abra is working with Coinify as our first partner in Europe to enable European bank integration via SEPA … Users in Europe now have the option of doing a SEPA bank transfer from their European bank account directly to Abra’s exchange partner which will cause the equivalent amount of bitcoin to be added directly to the user’s Abra wallet.”
Prior to now, Abra users were able to choose deposit funds via bank and wire transfers across the U.S. or buy crypto assets with American Express, Visa as well as Mastercard cards.