Abra, a U.S.-based all-in-one cryptocurrency wallet and exchange, announced earlier this week it has partnered with Coinify, a global technology gateway for virtual currencies, to extend its services of buying and selling cryptocurrencies to the European market. Founded in 2014 by Bill Barhyd, Abra stated it is on a mission to make cryptocurrency investing simple. The company currently operates a global appt act offers an ability to buy, sell and hold 25 cryptocurrencies and 50 fiat currencies.
“Users can buy, sell, store, and invest in cryptocurrencies, plus manage all crypto investments, in one single place. Our vision is an open, global financial system that is easily accessible to everyone.”
Through the new partnership, Abra wallets will be powered by Coinify’s cryptocurrency-to-fiat trade engine, which will allow for extended wallet services within the European region whereby users will have the option to buy bitcoin using bank transfers. While sharing more details about the partnership, Barhydt stated:
“With users from over 70 countries around the world and a greater demand for the ability and access to invest in cryptocurrencies from any bank account, we are committed to creating a seamless experience, which is why we integrated with the most-established industry player in the region.”
Mark Højgaard, co-founder and CEO of Coinify, then added:
“[Abra’s] expansion into the European market aligns with our strategy in bridging the virtual and traditional payments arena. Furthermore, Abra’s all-in-one currency exchange application is a brilliant example of continued differentiation within this space. We look forward to helping Abra on-board even more wallet users into their multi-currency swapping service, as well as being a part of their ongoing success.”