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Abra to Allow European Bank Accounts to Buy and Sell Crypto

Abra to Allow European Bank Accounts to Buy and Sell Crypto

Photo by Nathan Dumlao on Unsplash

Abra, an all-in-one crypto wallet and exchange, has revealed its support for Single Euro Payment Area (SEPA) bank accounts, which will allow those living in the SEPA zone, including 28 EU nations, to make direct transfers from European banks to Abra wallets.

Abra allows its users to buy and store 28 different cryptocurrencies and 50 fiat currencies. The wallets are non-custodial, meaning the wallet’s private key and cryptocurrencies are held by the user, and are completely peer-to-peer, so no middleman ever controls users’ funds.

Bill Barhydt, founder and CEO of Abra said:

“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. This new feature is helping to change the way people invest, adding to a brighter future for the cryptocurrency market around the world.”

With the app’s new functionality, users within the SEPA region will be able to fund their Abra wallets with their bank accounts and purchase any of the cryptocurrencies supported by the platform.

The SEPA area includes Austria, Germany, Netherlands, Belgium, Greece, Poland, Bulgaria, Hungary, Portugal, Cyprus, Ireland, Denmark, Latvia, Slovenia, Estonia, Lithuania, Spain, Finland, Luxembourg, Sweden, France, Malta, the U.K., Croatia, Iceland, Monaco, Switzerland, Liechtenstein, Norway and San Marino.

In addition, Abra has added support for three new tokens–Cardano (ADA), Basic Attention Token (BAT) and Tron (TRX)– as well as a multitude of the largest cryptocurrencies by market capitalization. In the upcoming days, Abra will also add Bitcoin Cash (BCH).

Abra’s support for European bank accounts provides yet another means of access for many potential crypto investors.

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