Provider of mobile app Abra announced the expansion of the functionality of the product, adding the option of investing with bitcoin and other cryptocurrencies to traditional financial instruments such as shares and exchange traded funds (ETF).
As they say in the company message, the app will be available to the residents of 155 countries, and investments in stocks and ETFs throughout 2019 will not be subject to commissions. The minimum size of financial investments this is exclusively available on the level of 5 US dollars.
Big News: #Stock and #ETF #investing coming to Abra 🚀 Sign up now for early access to the secure $0 fees for 2019.
Available in 155 countries
Fractional investing w/$5 minimums
Private and secure
Welcome to the #futureofinvesting, built on #Bitcoin! https://t.co/rvixGS74el
— Abra (@AbraGlobal) February 6, 2019
At the initial stage in the application Abra will be 50 available for investment of assets, including shares in companies like Facebook, Apple, Amazon, Google, Netflix, exchange-traded funds SPDR Gold Trust Vanguard Growth S&P 500, and indexes like the Russell 2000.
“We believe that, in addition to the global access to financial products must be simple to use and easy to understand. To achieve these goals we are constantly improving the [user] experience of application and offer information (pricing schedules and reports on assets), which helps to make informed investment decisions”, — said CEO Abra bill Barhydt.
He also expressed the belief that over time the number of countries where the app will increase.
“This list will grow as more and more people will understand the inevitability of decentralized Finance and the value of bitcoin as a means that helps to come to this. Should not matter where you live or how much money to participate in the best investment opportunities,” added bill Barhydt.
The app itself is neostalinism, that is does not store user assets. According to the company, using for this purpose the bitcoin blockchain, it makes the transaction “more secure and private than their counterparts in centralized databases used by most cryptocurrency exchanges and wallets”.
The statement also said the Abra possibilities of the blockchain allow you to tie the bitcoin price to any asset, “a reliable stream of quotations”.
To start using the application, you must apply for early access and wait for their turn. At the time of writing the waiting list was close to 8000 users.
We will remind, last year the Abra app has added support for credit cards, as well as the ability to buy bitcoin and other crypto currencies with SEPA payment.
In addition, was launched an investment token Bit10 on the basis of crypto-currency Fund Bitwise.