Abra to Add ETH Natvie Support

As reported, Abra users will now be able to easily buy Ethereum or move ether from other wallets to the app
13 March 2019   588

The wallet provider Abra added native Ethereum support in a mobile application. Previously, users' balances were converted to synthetic Ethereum, which made it possible to play at the races of the course, but now real coins will be stored in their wallets.

By adding native Ethereum support, Abra users will now be able to easily buy Ethereum or move ether from other wallets to the app.

This opens up the potential to use Ethereum as an on-ramp to invest in the other assets listed on Abra including, 50 fiat currencies, 30 cryptocurrencies, and the BIT10 crypto index.
 

Daniel McGlynn

Abra

In the foreseeable future, Abra is also planning to add native support for other tokens based on the ERC-20 standard.

SK Group to Invest $10M in ConsenSys

SK Group chairman and the 3rd most wealthy man in country believes digital technologies will play an important role in the further development of the company
03 July 2019   304

SK Group has invested $ 10 million in leading Ethereum-based solutions developer ConsenSys. This is reported by the local news agency Chosun.

As noted, in his today's speech at the technology event in Seoul, the chairman of the board of SK Group and the owner of the third largest fortune ($ 3.4 billion) in South Korea Chey Tae-won expressed his interest in the blockchain technology and the tokenized economy, expressing also the opinion about the need for digitalization of approaches practiced by traditional businesses.

According to him, digital technologies will play an important role in the further development of the SK Group.

It is also reported that in February of this year, the telecommunications division of the conglomerate SK Telecom entered into a partnership agreement with Deutsche Telekom to create a blockchain solution for customer identification.

In April of this year, the media passed information that ConsenSys is going to attract $ 200 million in funding from outside investors with a market valuation of $ 1 billion. To this end, the company began distributing presentation materials to Chinese investors. They say that ConsenSys expects to receive $ 50 million in revenue this year, mainly due to contracts with corporate clients and government agencies.