Ethereum Deposits And Withdraws Now Live On Crypto Wallet App Abra

Announcements, News | March 13, 2019 By:

Mobile cryptocurrency wallet Abra has expanded support for ethereum by allowing users to hold, sell, and buy ether directly from their crypto wallet.

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 30 cryptocurrencies and 50 fiat currencies on a single app.

Ethereum was already available on Abra as a synthetic asset, which means that Abra users got exposure to the price movements of ether. The expanded support adds the ability for Abra users to directly deposit and withdraw ether to any other crypto wallet, which opens up the potential to use ether as an on-ramp to invest in the other assets listed on the Abra platform.

“Ethereum is the number two cryptocurrency by market cap, but even more than that, it’s a massive gateway for people and projects looking to forward-looking technologies and decentralized applications,” Abra said. “Now that Abra has enabled native Ethereum support it will be a much more streamlined process to add more ERC20 tokens in the near future.”

Abra Vice President of Product Willie Wang said that the launch of native ether support is a crucial milestone for Abra and they’re excited to embrace the ETH community.

“The greatest part about this news is that this is just the beginning,” Wang said. “In the near future, we will offer native deposit and withdraw support for the other ERC-20 tokens currently listed on Abra, in addition to other new tokens that we will now be able to list.”