Abra to Finally Launch Global Bitcoin Network Next Month
Abra is planning to finally launch global support for its remittance and currency exchange app in February, as announced on Tuesday at the North American Bitcoin Conference in Miami by CEO Bill Barhydt. This would provide an easy way for people to trade their local currencies for bitcoin and vice versa. Digital cash peer-to-peer network Abra allows users....
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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....
Renowned remittance application Abra announces Bitcoin support. Abra announced the next phase of its global expansion at the North American Bitcoin Conference today. The plans are to enable Abra worldwide next month, activating global network of Tellers who can transact in over 50 currencies, including directly in Bitcoin. This means that anyone with a smartphone in any country can send or receive funds in most major currencies and can cash in or out of their Abra wallet, even without a bank account. Bitcoin has been a large part of and the key to Abra’s efforts, albeit not always....
At this week's North American Bitcoin Conference, P2P digital cash startup Abra announced that, starting next month, it will begin its long-awaited global rollout. It's a move that Abra has had in the works since May, when CEO Bill Barhydt said he was eager for the startup, founded in 2014, to make the transition "as quickly as possible". Notably, the latest news provided new details on what this long-held plan might look like in action. In a blog post published this week, Abra revealed that, at launch, its wallets will support the buying, selling and storing of bitcoin, as well....
Bitcoin's "killer app" has long been a topic of speculation. What is the compelling use case that will cause millions to adopt bitcoin, knowingly or unknowingly? It just might be Abra. Announced on the final day of Launch Festival 2015, Abra is a company that is looking to take a slice of the $550 billion global remittance market. With legacy companies such as Western Union charging 10 percent and more to remit money internationally, Abra offers the potential for instantaneous money transfers at a fraction of the cost. At the event, CEO Bill Barhydt said: "Our mission with Abra is to turn....
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....