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   661

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.

Line to Launch Own Cryptoexchange

BitBox cryptocurrency exchange won't be available for US and Japanese citizens
28 June 2018   306

The developer of the Line instant messenger confirmed the information that it will launch a cryptocurrency exchange called BitBox next month. This is reported by TechCrunch.

In January, the company said that it plans to enter the cryptocurrency area with the launch of its own trading platform, but today it specified that BitBox will not be available to users from the US and Japan.

The new site will support 30 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin, and charge a commission of 0.1% for transactions. Line reported that it was taking tokens during the “an extensive screening process” which saw an internal commitment asses what on the market represents “the most reliable and safest trading for users.”

BitBox will be available worldwide, except for the two countries mentioned above, in 15 languages. New platform won't support fiat.

Every month, 200 million people use the Line Messenger. The possibilities of the service are not limited to the transmission of messages. It also allows to listen to music, send payments, etc. Most Line users live in Japan, so excluding Japanese traders will significantly limit the potential impact of BitBox.