Abra has launched a new feature for its mobile application. If previously users could send, receive, and also invest fiat money in cryptocurrency , now digital assets become a means by which one can acquire various securities, commodities, as well as units in classical exchange-traded funds (ETF) . As Abra CEO Bill Barhidt stressed, in 2019 service fees will not be charged.
Huge day for @AbraGlobal and Bitcoin.
Abra rolling out stock and ETF investing using bitcoin
Global!
Fractional shares plus no limits and $ 5 minimum
No fees for 2019 https://t.co/mFEY2vKLRF
– Bill Barhydt (@billbarhydt) February 6, 2019
The publication of Forbes in connection with this news has released a material in which it is said that such functionality of the application can contribute to the growth of the price of Bitcoin . The great enthusiasm in the XRP token community evoked Bill Barhidt’s message that this possibility could be open to this digital asset, and not just to bitcoin, although the exact date of the event is not yet known.
Meanwhile, the Abra application with its expanded functionality has already caused a positive response in the cryptocurrency community. Twitter user under the nickname CryptoHub is confident that Abra will be able to get ahead of competitors. And the competition really is – just remember the Square CashApp application. Feeling that competitors are falling on their heels, the founder and owner of the company, Jack Dorsey, made an attempt to draw attention to himself.
Frank Chapparo, an ex-financial journalist and now a cryptocurrency enthusiast, cited an opinion on the Abra application of one of the lawyers who said that "this is something impressive." CNBC Africa journalist Ren Neuner noted that the launch of Abra’s new functions is one of the best news ever since its transfer to cryptocurrency.
Yesterday it was a big show for all the big news. It's been one of our best content shows.
It covers;
– Abra announcement / Buy NASDAQ stocks using BTC.
– The new bull market
– Take aways from Satoshi Round Table. https://t.co/0MgwerYL80– Ran NeuNer (@cryptomanran) February 7, 2019
Finally, analyst Anthony Pompiano, noted that the Abra step proves once again that all assets will be subjected to tokenization, and this is only a matter of time, not of whether it will happen or not. His message eventually gathered over 3.6 thousand likes, causing a great response.
Publication date 09.02.2019
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