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  • Thousands of US Banks Now Fiat-to-Crypto Gateways for Bitcoin, Ethereum, XRP and More, Says Crypto Platform Abra

Thousands of US Banks Now Fiat-to-Crypto Gateways for Bitcoin, Ethereum, XRP and More, Says Crypto Platform Abra

May 13, 2019

Abra is making it easier for people in the US to convert fiat money into different cryptocurrencies, including Bitcoin. The crypto startup has partnered with fintech company Plaid to make it possible for users to connect to Abra’s wallets through thousands of bank accounts.

According to Abra’s announcement,

“Plaid makes it easier for people to connect their bank to financial apps, like Abra. For Abra users, the Plaid integration means that now thousands of banks are easily compatible with the Abra wallet.”

Moving old-fashioned #fiat in and out of #crypto just got easier! Check out our new @Plaid integrations that make it super easy to connect Abra with thousands of US banks. #stackingsatshttps://t.co/BrpX3VgwVO

— Abra (@AbraGlobal) May 9, 2019

Abra’s CEO is confident that the development will bring thousands of financial institutions into the Abra ecosystem.

“The addition of these new liquidity enhancements in our app gives users more ways to move between crypto and fiat. We’re particularly excited about our partnership with Plaid, which brings thousands of additional financial institutions into the Abra ecosystem for US customers.”

Abra also announced new withdrawal features which allow all users to withdraw 30 different types of cryptocurrencies to external wallets. Cryptocurrencies supported include Ethereum Classic (ETC), Doge (DOGE), and Dash (DASH).

“The goal of these integrations and upgraded functionality is to make the investment and use of cryptocurrencies more fluid and easier to access for more people all over the world.”

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