ABRA announces support for 20 cryptocurrencies in their app

ABRA mobile application plans to add support for 20 different cryptocurrencies to trade with and stablecoin technology to protect against market volatilit

16 March 2018 2111

Cryptocurrencies become increasingly popular with masses and service providers of all sorts can't ignore this fact if they want to stay on top of the happenings. So, ABRA, a mobile platform which allows users to fund their accounts as of now with BTC and several modes of fiat transfers, such as bank wire and ACH transfers, made an announcement that in the next few weeks they will add a support for 20 different cryptocurrencies.

Already they have implemented the ability to swap between 50 fiat currencies and added support for 13 of the 20 planned digital currencies. The list of freshly available currencies includes Bitcoin Cash. Litecoin, Etherium Classic, Ripple, Dash, Zcash, Dogecoin, Vertcoin to list only a few.

Also among the killer features of the app is the so-called stablecoin technology. It allows users to stop worrying about the volatility of the market by allowing them to swap their digital holdings to 50 different fiat currencies. The technology relies on creating synthetic digital assets based on Bitcoin and Litecoin by utilizing a multi-sig smart contract.

The main focus of the app is to provide an environment for hassle-free cryptocurrency investments with no need for extensive KYC checks, requiring only the mobile number. As the company points out, the purchased assets are held directly on the user's phone and are accessible at any time.

The effort to bring together multiple cryptocurrencies on one platform allows users to expand their portfolios and to diversify their holdings in one wallet, without managing multiple accounts on several platforms.

Bitcoin Bitcoin Cash Blockchain

Ver to Launch $200M Fund to Develop BCH Ecosystem

There's no a lot of info, but it is expected that it will be created on the basis of the Bitcoin.com infrastructure in 2020

20 November 2019 383

Well-known entrepreneur Roger Ver announced the creation of a new fund for $ 200 million to support projects working on the development of the Bitcoin Cash cryptocurrency ecosystem. This was announced during a meeting in London on Tuesday by the co-founder of Blockchain, Nicholas Carey.

Information on the structure of the fund is still unknown, but it is expected that it will be created on the basis of the Bitcoin.com infrastructure in 2020.

I promoted bitcoin. Today I am promoting Bitcoin Cash. Tomorrow I will promote something else if it surpasses Bitcoin Cash in terms of the spreading economic freedom in the world,” Ver said at a meeting in London.

Roger Ver

CEO, Bitcoin.com and Bitcoin Cash promoter

It is noteworthy that, judging by a recent publication on Bitcoin.com, the company's business model is now leaning toward the use of smart contracts, intending to compete with Ethereum and other similar platforms.

Although the authors acknowledge that initially Bitcoin Cash was not conceived as a smart contract platform and does not have many features that can be found on Ethereum, they note that many companies do not need such features. For example, for a simple issue of tokens, the Simple Ledger protocol tied to the Bitcoin Cash blockchain can handle.

In the early stages of the existence of bitcoin, Roger Ver was one of the main evangelists of the first cryptocurrency. Later, however, he went to the camp of supporters of Bitcoin Cash, playing an important role in the hard fork implemented in 2017, as a result of which BCH was born.