Crypto Wallet Abra Adds Support For SEPA Bank Accounts

Announcements, News | September 4, 2018 By:

Mobile cryptocurrency wallet Abra has added support for Single Euro Payment Area (SEPA) bank accounts.

Founded in 2014 by Bill Barhydt, Abra offers a crypto to crypto exchange and digital wallet in one place. It empowers consumers to buy, store, invest and hold 28 cryptocurrencies and 50 fiat currencies on a single app.

In its latest announcement, Abra said that it is now supporting SEPA bank accounts, which enables every user in Europe the ability to fund their Abra wallet using their European bank account and then use the funds to invest in any of the 28 cryptocurrencies supported on Abra.

“With users from over 70 countries globally, and a greater demand for the ability to invest in cryptocurrencies from any bank account, it is really important to give investors the opportunity to fund their Abra wallet directly from any bank account,” said Bill Barhydt, founder and CEO of Abra. “This new feature is helping to change the way people invest, adding to a brighter future for the cryptocurrency market around the world.”

Abra said its European bank transfers will occur using the SEPA guidelines. Under these guidelines, residents of some European countries will have a possibility to deposit not only Euros but also their national fiat currency. The SEPA area includes the 28 members of the European Union, as well as four members of the European Free Trade Association – Iceland, Liechtenstein, Norway, and Switzerland.

“As we continue to expand our capabilities, we are by constantly looking for efficient and secure on-ramps that will enable our users to easily invest in cryptocurrencies,” said Barhydt. “Ease, efficiency and effectiveness are paramount for us in helping our clients invest.”

In addition, Abra also announced that its customers will soon be able to fund their wallets using Bitcoin Cash.

“Beginning over the next several days users will also have the ability to fund their Abra wallet using Bitcoin Cash (BCH),” Abra said. “This would come in addition to the newly launched SEPA bank transfers and cryptocurrency deposit options already available in the app today.”