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   304

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.

Australia Rolls Out New Crypto Exchange

Blockbid Beta launch is set to go live on April 16, 2018
16 April 2018   169

It has emerged that there is a new cryptocurrency exchange which is launching with headquarters in Australia. Previously, we have reported that Australian Transaction Reports and Analysis Centre has announced the new regulatory requirements for digital currency exchange providers which came into force from April 3, 2018.

A week ago, Blockbid exchange became one of the recipients of an AUSTRAC license, meaning they have been granted permission to legally operate as a cryptocurrency exchange, according to Australian law. Blockbid is a secure exchange with the goal of facilitating the highest volume of trades for the most cryptocurrencies with a single login.

Blockbid announced in its press-release that its Beta launch is set to go live on April 16, 2018. The platform will allow operation in fiat and cryptocurrency, including Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BCG), Litecoin (LTC), Ripple (XRP), USD, AUD, JPY and EUR.