A digital currency wallet called Abra has launched a new feature that will allow users to buy cryptocurrencies directly through European bank accounts.
A press release has revealed that the Abra is now upporting Single Euro Payments Area (SEPA) bank accounts. SEPA is a payment system designed to simplify bank transfers within the EU. The cryptocurrency wallet operates on a global scale and it offers support for 28 cryptocurrencies, thus giving variety to its global clientele. Abra has also confirmed through its official Twitter handle that in-app European bank cryptocurrency purchases are now available.
The announcement means that users of the digital currency wallet will now be able to link with their European bank accounts and this will allow account holders to buy and sell cryptocurrencies with more ease. This is because Abra customers can transfer Euros to their wallet directly and then convert the cash to any of the 28 cryptocurrencies.
Some of the major cryptocurrencies such as Ripple (XRP), Litecoin (LTC), and Ethereum (ETH) are supported by the crypto wallet. Its announcement about direct bank transactions also revealed that the company has added support for Tron (TRX), Basic Attention Token (BAT), and Cardano (ADA).
“With users from over 70 countries globally, and a greater demand for the ability to invest in cryptocurrencies from any bank account, it is really important to give investors the opportunity to fund their Abra wallet directly from any bank account,? stated Abra CEO, Bill Barhydt.
Barhydt also added that the new feature will allow people to change the way they invest, thus contributing to a brighter future for the digital currency market. Prior to the announcement about the support for European banks, the Abra crypto exchange could only be funded using wire transfers and bank transfers in the U.S. Alternatively, users had the option of funding their accounts using MasterCard, Visa and American express credit and debit cards.
Abra has introduced the new feature to make it easier for people to use the crypto wallet and also to make it more attractive to potential users. It is not clear whether the company is working on expanding such a feature to other global markets in the future.