Abra Launches Blockchain Remittance App in US Market
After months of small-scale testing in the Philippines, blockchain payments app Abra launched in the US market today. The expansion comes after CoinDesk learned details of an aggressive expansion plan in place at the startup, which to date has garnered $14m in venture funding to expand to more than 20 markets by 2017. The firm raised $12m in a Series A funding round last fall. CEO Bill Barhydt, a former director for web browser Netscape, pointed to the US market as "the hub" from which the startup plans to connect to other markets worldwide, a factor that made it the next logical....
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Bill Barhydt, the founder and CEO of Abra, the highly anticipated Bitcoin-based remittance application, announced at the North American Bitcoin Conference on January 17 that the firm will launch its global digital cash network next month. Upon the launch of Abra, users will be able to send and receive money in over 50 currencies. Abra also includes direct Bitcoin support allowing users to send Bitcoin payments to family members or friends abroad with low fees. Essentially, Abra is a peer-to-peer version of today’s remittance service providers. Instead of having to visit physical locations....
Bitcoin remittance app Abra recently confirmed raising $12 million in a new venture financing round. The Series A round drew support from noted investors like Arbor Ventures, RRE Ventures and First Round Capital. Other investors that took part in the funding are Blockchain Capital, Digital Currency Group, Liberty City Ventures, etc. The total valuation of Abra, upon receiving the new funds, has now reached $14 million. Announced in March this year, Abra is a brainchild of a seasoned technology entrepreneur Bill Barhydt. The former Netscape director said during the launch that he is looking....
The Abra team has a plan to expand the availability of their mobile apps to different countries in the coming months. Abra is a Bitcoin remittance application a lot of people seem to have high hopes for. Ever since the company raised money to bring their project to the masses, things had gone quiet. But it appears the Abra app has now launched for both iPhone and Android, albeit it is still limited to the US and the Philippines only. Remittance solutions are always in high demand, especially when the Filipino community is involved. A lot of Filipinos work overseas and send money back home....
Bill Barhydt, the entrepreneur and former Netscape director who is credited with giving the first TED Talk on bitcoin, has debuted a bitcoin venture called Abra. The announcement, which came on the final day of Launch Festival 2015, ends seven months of silence for the stealth project. Barhydt previously founded mobile banking startup Boom Financial, which raised $17m in 2012, and WebSentric, one of the first online meeting services. Speaking at the event, Barhydt explained that the goal of Abra is to attack the $550bn global remittance market by reducing its associated fees. For ease of....
Abra is gearing up to release its bitcoin-powered remittance app in the next few weeks, pending final approval from the Apple App Store. The company, which recently closed a $12m Series A funding round, has announced its remittance app will be first available to customers in the US and the Philippines, with other countries in the pipeline over the weeks and months ahead. Today, Abra also unveiled two previously undisclosed investors in its funding round: American Express, by way of its venture arm American Express Ventures, and Ratan Tata, a well-known Indian business magnate.....