Abra Introduces Visa and Mastercard Payment Options for Buying Bitcoin

Abra Introduces Visa and Mastercard Payment Options for Buying Bitcoin

Abra has announced a new credit card payment option for Bitcoin purchases. The Bitcoin payment startup announced the addition of Mastercard and Visa payment options to buy bitcoin on its platform.

As reported by the company’s blog, the payment option is said to be in partnership with Simplex which is a fintech company. The addition of Visa and Mastercard debit or credit card options makes it cheaper and faster to purchase cryptocurrencies on the platform. The new payment options are accessible via the app and the website.

The CEO of Abra, Bill Barhydt, mentioned,

“Today we have users from over 70 countries, but the majority of these users who are outside the U.S. could only fund their Abra wallet using bitcoin. With this launch, we can now offer a simple way for customers globally to use Abra to buy their first bitcoin using any Visa or Mastercard and then start investing in any of the other 24 cryptocurrencies we support today.”

Abra makes it quick and easy for users to invest in Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Dash, Ethereum Classic, Monero, Zcash, and many more cryptocurrencies, without the complexity of managing multiple wallets. The user-friendly interface allows a user to track progress, check prices, and access the cryptocurrency investments – all in one place. Users can also exchange cryptocurrencies at any time for other cryptocurrencies or into any of the 50 fiat currencies available – almost instantly.

Abra uses bitcoin as the underlying asset for extending the investment of users into other cryptocurrencies.

Users can download the Abra app. Abra automatically creates a mobile cryptocurrency wallet for users so that they can hold all of their Abra crypto investments in one place. It is the only global cryptocurrency app that allows users to buy, store, and invest in 25 cryptocurrencies in one place – with the security you need.

It offers various advantages like it is easy to use, an instant exchange between digital currencies any time a user wants, flexible as a person can manage all cryptos in one place and being a non-custodial wallet it is safe too.

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Aayushi Dhawan
Aayushi Dhawan is an avid reader, researcher, crypto writer and a passionate student. While pursuing her graduation in commerce at SRCC, she realized that writing and Finance give her immense pleasure. She is currently pursuing her post graduation in Commerce (Finance) from Department of Commerce, Delhi School of Economics and keeps on exploring the intricacies of research, her biggest strength.