Users of the cryptocurrency exchange and wallet app Abra can now make deposits and withdrawals to their accounts with bitcoin cash (BCH). Bill Barhydt, the founder and CEO of the company, also published a video chat with Bitcoin.com CEO Roger Ver about bitcoin cash.
Abra Adds Bitcoin Cash (BCH) Support
Abra, a cryptocurrency wallet app and exchange, has announced on Wednesday native support for bitcoin cash (BCH), including deposits and withdrawals. This means that in addition to funding the wallet with BTC, LTC, bank transfers, wire transfers, or credit and debit cards, users can now also fund Abra from any bitcoin cash wallet anywhere in the world.
The company explained in its announcement to any users that might not be familiar with BCH that: “Bigger block proponents, including the creators of bitcoin cash, argue that the increased blocksize is important to keep the Bitcoin code aligned with the original vision laid out in the Bitcoin Whitepaper written by Bitcoin’s founder, Satoshi Nakamoto. Put simply, bitcoin cash was created to act like a better version of peer-to-peer digital cash because, at the time of the hard fork, processing transactions on the Bitcoin blockchain had become slow and expensive.”
Abra is an all-in-one global app offering a crypto exchange and digital wallet in one place – designed for making cryptocurrency investing simple. It enables users to buy, store, invest and hold 28 cryptocurrencies and 50 fiat currencies on a single app, and manage all crypto investments in one screen. The wallet is defined as non-custodial, meaning that cryptocurrencies and the wallet’s private key are held directly by the user. The Abra model is said to be 100% peer-to-peer, with no middleman ever holding, managing or touching the funds at any point in any transaction.
The company was founded in 2014 by Bill Barhydt, a veteran in the cryptocurrency space and an early Netscape employee. Investors include American Express Ventures, First Round Capital, Foxconn Technology Group, Arbor Ventures, Lerer Hippeau, RRE Ventures, Silver8 Capital and others. Last week Abra announced support for SEPA bank account holders – increasing the number of countries serviced by the company by 35.
Did you already use BCH for deposits or withdrawals with the Abra app? Share your experience in the comments section below.
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