The global digital wallet app Abra announced today that it would be adding the remaining seven altcoins to its listing. This includes Stellar (XLM), Bitcoin Gold (BTG), and DigiByte (DGB).
Abra allows users to buy, sell, and hold up to 20 different cryptocurrencies as well as 50 separate fiat currencies. Users will be able to add currency to their digital wallets via the Abra app using a bank account, Bitcoin purchased outside of Abra from anywhere in the world, and, for those in the United States, with an American Express credit card. Abra is the first app to offer a crypto exchange and digital wallet in one place. The app is all about making crypto investing easier.
Already included on Abra are Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP), Litecoin (LTC), Dash, Dogecoin (DOGE), Golem (GNT), OmiseGO (OMG), Qtum, Vertcoin (VTC), and Zcash (ZEC).
Today marks the opening of the remaining seven altcoins, rounding the number up to 20 at last. These include Stellar (XLM), Bitcoin Gold (BTG), DigiByte (DGB), Augur (REP), Status (SNT), Stratis (STRAT), and 0x (ZRX). Users will now be able to access these altcoins globally through the Abra app, in addition to the thirteen cryptos already listed.
The CEO and founder of Abra, Bill Barhydt, stated, “Since launching the new version of our app in March, we’ve seen tremendous amount of interest and support for the altcoins we added to our platform. Just in the last 2 weeks users in over 70 countries have transacted on the Abra app with Bitcoin, Ether, XRP, Litecoin and OmiseGO leading the way in transactions.”
“Our goal is to be a simple app for retail investors to get exposure to assets that are difficult to access,” Barhydt continued. “Ultimately, in addition to the top 20 cryptocurrencies and 50 fiats, we want to open up our platform to different asset classes including stocks, commodities and more. Our vision is to build a non-custodial cryptocurrency bank that democratizes access to financial services for every consumer on the planet.”
Abra is able to hold both cryptos and fiat currencies because of its price-stabilized crypto tokens, called stablecoins. Stablecoins work through a system of Litecoin- and Bitcoin-based smart contracts that simulate investment contracts like how a gold ETF is a contract based on USD.
How are the coins reacting to the news? Well, it’s a mixed bag out there right now with some coins up and some coins down. Stellar is currently selling for $0.195659, putting the coin down 6.13% in the past 24 hours. Bitcoin Gold is down 3.88% currently, selling for $40.75. DigiByte, the 62nd largest cryptocurrency, is selling for $0.017797, which puts the coin down 2.69% in the past 24 hours.
While it’s not a great start to the day, the addition of these coins to the Abra platform will open up the cryptos to other investors around the world that perhaps couldn’t get them previously. Will we start to see a rise in the coins listed on the Abra app? Keep an eye on these coins to find out.
Check out our exclusive interview with Abra CEO Bill Barhydt.
Featured image: Crypto Club Media