The Abra investment app will expand the list of available cryptocurrencies for users around the world. Within a few weeks, support for 200 cryptocurrencies will be added.
The California company will provide access to 60 cryptocurrencies to users from the United States. Already, they can deposit and withdraw funds in the stablecoin Tether, TUSD, PAXOS and DAI. There are no plans to introduce restrictions on the volume of transactions, but limits on depositing / withdrawing money to American banks have increased to $ 4,000 per day, $ 8,000 per week and $ 16,000 per month.
“After traveling the world and discussing with hundreds of Abra users, we realized that freedom of choice becomes crucial when it comes to investing in cryptocurrencies,” said Bill Barhydt, CEO of Abra.
In September, Abra began selling cryptocurrencies for Philippine pesos at 6,000 stores in the 7-Eleven retail chain. The service allows any user of the Abra wallet to purchase cryptocurrencies through the application or kiosks 7-Eleven CLIQQ.
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