Abra Adding 60 New Cryptocurrencies in Consumer Adoption Push: Report
The Abra crypto investment app is reportedly adding 60 new cryptocurrencies to its platform, effectively trebling the number of supported tokens.
According to CoinDesk on Nov. 12, the increasingly widespread payment gateway is planning to more than treble its existing crypto offerings for international users from 30 to 90 tokens.
Four stablecoins to debut on Abra platform
Cointelegraph has reached out to both Abra and its CEO, Bill Barhydt, for more details, but has not received a response as of press time.
Institutions take the lead
Abra focuses on the slowly-expanding consumer adoption curve for cryptocurrency, at a time when attention continues to focus on the institutional sector as fresh offerings come online.
“Bakkt just got set up, there’s a futures exchange that’s starting to gain some volume. But more importantly they’ve got a custody solution that’s just coming online… world-class custody which allows more and more people to feel comfortable with it,” he said in an interview late last month.