Abra is a technology and financial company that provides peer-to-peer (p2p) blockchain-based mobile payment services. Before the company implemented Litecoin as the main cryptocurrency for their services in 2018, Bitcoin used to be the main digital currency for transaction processing. Abra, as a blockchain-based application, mostly specializes in storing cash deposits that are available with the Abra wallet, which provides cash transfers between two mobile devices. For that, there are Abra apps available for both iOS and Android. Bank accounts are generally not required in most countries. The company was founded by Bill Barhydt (CEO) in 2014 and currently is headquartered in Mountain View, California. Find out more by following the Abra news.
Bitcoin can scale as an adopted store of value using second-layer solutions, but not on-chain with its current technology says Abra’s CEO.
On-Chain Bitcoin Scaling En Masse Requires Bigger Blocks, Abra CEO Says
As part of its work with the Stellar blockchain, Abra plans to provide global banking features.
Abra Building Banking Solutions on Stellar Blockchain, CEO Barhydt Says
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Abra CEO and founder Bill Barhydt said he sees Bitcoin as a store of value, increasingly distancing itself from mainstream market price correlation.
Abra CEO Agrees With Bitcoin's Role as Digital Gold
U.S. regulators team up to fine and halt a crypto portfolio app offering synthetic exposure to traditional assets, which was not offered to U.S. investors.
SEC and CFTC Fine Crypto Investment App for Offering Synthetic Assets
Abra has received $5 million in funding from the Stellar Development Foundation.
Abra Garners $5 Million from Stellar Development Foundation
Payments behemoth Visa has acquired financial technology firm Plaid for $5.3 billion to better connect with fintech applications.
Payments Giant Visa Acquires Fintech Firm Plaid for $5.3 Billion