Earlier this year, Abra launched its non-custodial Bitcoin-backed global investment app to democratize investing in stocks, bonds, EFTs, and cryptocurrencies. Now it’s stepping up a gear, making it easier for users to move money to and from their banks to crypto.
Abra Is Bringing More Fiat On-Ramp
Abra’s latest Plaid integration makes the app infinitely more useful to a wider net of people. Having a great investment app is one thing. Not being able to cash in on your investments because your bank doesn’t allow it is quite another.
So now, Abra is now providing support for thousands of U.S. banks and credit unions. This means that users will be able to move their money into crypto more easily, thus bringing more fiat on-ramp.
Abra CEO Bill Barhydt tweeted:
Want to move some money out of your bank and into crypto? Abra now supports thousands of US banks and credit unions. https://t.co/hSfx9uJUcI
— Bill Barhydt (@billbarhydt) May 9, 2019
He also said in a media release:
The addition of these new liquidity enhancements…