Startup Abra adds support for 18 cryptocurrency in your mobile app. Until recently the purse was supported only by two crypto currencies — bitcoin and Ethereum.
According to a press release, the new version of the app available in 13 new currencies, including Bitcoin Cash, Dash, Dogecoin, Ethereum Classic, Golem, Litecoin, Omisego, Qtum, XRP, and zcash for Vertcoin. In addition, in the coming days on the platform will be integrated 7 cryptocurrencies: Bitcoin, Gold, Stellar Lumens, Digibyte, Augur, Status, Stratis and 0x.
“Our goal is to provide users worldwide with the ability to use their local currency for free of investing in a broad range of cryptocurrency at any time,” said founder and CEO bill Barhydt (Bill Barhydt).
The developers emphasize that the cryptocurrency is stored directly on the user’s smartphone that provides access to coins at any time. At the moment, recharge application, one of 50 Fiat money by credit card or Bank transfer.
“For the first time the platform offers 20 of 50 cryptocurrencies and Fiat currencies in one wallet and all 70 currencies in real time without the involvement of third-party organizations”, — said in a press release.
The developers explain that “unique investment platform multipoles based on the use of smart contracts,” allows you to create so-called Stablecoins — coins with a fixed value, which, in turn, is tied to the exchange rate for bitcoin and Litecoin. Using Stablecoins, users can store their money in any of the 50 Fiat money, eliminating the risks associated with volatility.
According to a press release, this model resulted in the ability to quickly add support for new cryptocurrencies, eliminating the so-called partner risk. In addition, the technology suggests the possibility of working with stocks, bonds or commodities in the future.
Note currently, the platform Abra provides the opportunity not only to invest in cryptocurrency, but also to make money transfers “in any of the 70 currencies”.
“We really have become CryptoRandom” — sums up the Abra team.
It is noteworthy that the startup offers a currency exchange without a fee, planning to earn at the exchange the difference.
Recall that the same approach in relation to commissions, the company adheres to Invest Circle that started the application for kryptonsite in 46 States.