On Tuesday, September 4th, the Abra crypto exchange platform and wallet announced the implementation of a new channel for users across the European Union, to buy and sell cryptocurrencies using their traditional bank accounts. Investors and users of Abra’s services are now in a position to purchase any of the 28 cryptos listed on the platform or to convert them into fiat money with their bank accounts.
Traders from the European Union can now buy and sell cryptocurrencies using their bank accounts on Abra crypto exchange platform
The US startup, which offers crypto investment services, among others, announced in a press release that all countries in the Single Euro Payments Area (SEPA), which covers most of the Europeans nations, will be able to purchase Bitcoin (BTC), Ethereum (ETH) or other of the 26 cryptos, including Cardano (ADA), Basic Attention Token (BAT) and Tron (TRX), which were recently listed by Abra crypto exchange platform.
In this regard, Bill Barhydt, founder, and CEO of Abra pointed out that there is currently a higher demand for investing in cryptocurrencies.
“This new feature is helping to change the way people invest, adding a brighter future for the world’s cryptocurrencies market. Investors should be given the opportunity to finance their portfolios directly from their bank accounts,” said Bill Barhydt, Abra Founder, and CEO.
Abra also added credit card purchases for Bitcoin (BTC) about two months ago
The SEPA area is a territorial and economic jurisdiction located in Europe where citizens, companies or commercial entities can make and receive payments in Euro under the same conditions, rights, and obligations. In total, SEPA covers 28 EU Member States as well as Iceland, Liechtenstein, Monaco, and San Marino.
The Abra crypto exchange service to permit users from the EU to use their bank accounts to exchange cryptos comes almost two months after the company enabled the purchase of Bitcoin (BTC) with credit cards such as Visa and MasterCard from virtually anywhere in the world.
The company also announced last March that it had created an application for mobiles that works as a wallet to protect cryptos, as well as a crypto exchange platform between cryptocurrencies and fiat money.