Abra will connect accounts of thousands of U.S. banks

Until now, Abra users in the United States and Europe have been able to finance their wallets by bank transfer. Now, thanks to an alliance with Plaid, the wallet will have the banks connected within its application in order to finance customer purchases.

It is worth noting that Plaid is a financial technology service that allows apps to connect to users’ bank accounts through APIs. After the partnership, Abra users will have more investment options.

For his part, the head of sales Plaid, Paul Williamson, said: “Consumers should be able to invest their money where they want, regardless of where they deposit. While Bill Barhydt, CEO of Abra, said: “The addition of these new liquidity enhancements to our application gives users more ways to move between cryptography and fiat.”

Similarly, Abra reported that it extended native withdrawal support to the 30 supported cryptocurrencies. Previously only bitcoin (BTC), bitcoin cash (BCH), litecoin (LTC) and ether (ETH) could be withdrawn.

Let’s remember that in March Abra launched native support for ethereum, but now users have the possibility to receive, keep, buy and sell ETH directly from their wallet. However, the firm will still have a long way to go to conquer the world of large-scale remittance and payment services.

L.Sáenz

Source: Coincrispy