Digital wallet and exchange startup company ‘Abra’ issettingupa brand newchannel for deposits in collaboration with the European banks.
Residentswithin theSingle EuroPaymentsArea‘SEPA’,additionallyincluding the European Union Nations,would be now able totransfer euros ordifferentnational currencies to Abra directly, that successivelydeposits bitcoin into users’ crypto wallets.
Customerswould bethen able to convert their BTC intoone amongst the variety of different cryptocurrencies presently offeredthrough the app, the list ofthat, as per now, currently includes BAT, TRX and ADA including addition other 25 altcoins.
SEPA standardsgiveresidents in any countrywithin the European Union,including Iceland, Norway,Monaco, San Marino, Lichtenstein and Switzerlandto formcross-border payments through direct debit transactions, amongdifferentavailable options.
The companyis functioningwith crypto payments processor ‘Coinify’to featuresupport for European banks.
Mentioning further thechief operating officer‘Bill Barhydt’ told that:
“Abra works with regulated exchange partnersin severalterritories thus taking customer’s personal Identification informationandprocessdeposits, withdrawals and bitcoin purchases. Abrais functioningwith Coinify as a part of our first partnership in Europe toenableEuropean bank integration via SEPA … Users in Europecurrentlyhavethe choiceof doing a SEPA bank transfer from their Europeanaccountsto theAbra’s exchange partner directly which willcause the equivalentquantityof bitcoin to beadded tothe user’s Abradigital wallet directly.”
Prior to this move, customersmayfund their walletsemployingbank or wire transferswithinthe U.S., or purchase digital currencies withCredit Cards, Visa, Mastercard or Debit cards.
Onprimeof giving access to SEPA account-holders, Abra is adding support for BCH deposits.