Buy the dip. Stack the sats. Fear the FUD. Prepare for moon. Whatever you are into, this news should help: We are raising the limits on US-based bank transfers. Higher limits are by far one of the most requested features on Abra. Today we are pleased to announce we’ve doubled our limits on daily, weekly, and monthly bank deposits to the following: $4,000/day. $8,000/week. $16,000/month. We’ll let you take it from here.
Today we announced a new partnership with ECPay allowing more ways for Abra users in the Philippines to conveniently add money to their Abra wallet through any of ECPAY’s 6,000 retail outlets across the Philippines, including all 7-Eleven stores. Using new digital tools that open up financial access shouldn’t be hard. And they shouldn’t be complicated. Moving cash to crypto and other digital assets should be simple and fast. That’s why we are really excited to announce our new partnership with ECPay and 7-Eleven stores.
If you’ve been following along with the conversations happening recently with regulators and legislators in the United States, then you are probably aware that cryptocurrencies are having a moment in the spotlight. From presidential tweets to Congressional hearings, there is an intense interest and scrutiny about cryptocurrencies and how they work. As a result of continued regulatory uncertainty and restrictions in the United States, we have to make some adjustments to our US business in an effort to continue to be compliant and cooperative with
The latest (and last) graphic in our four-part series with Visual Capitalist looks at Abra’s role in the future of decentralized finance. Abra is building on Bitcoin to enable new kinds of financial products and services. These new decentralized financial systems share some basic characteristics: Direct: Crypto-based systems, like Abra’s crypto-collateralized contracts, eliminate the need for layers of third parties, which decreases costs and increases the efficiency of global investing. Location independence: Abra’s crypto-collateralized contracts make investment opportunities available around the world. Programmable money: Money
This is not investing advice. This post is for informational purposes only. Any investment decisions should be made only after careful research. One of the great things about having an array of investable assets at your fingertips (like in the Abra app) is that you can deploy different assets at different times to achieve different objectives. Let’s take a closer look at some of the exchange-traded funds (ETFs) that might be useful for storing cash assets while waiting for favorable market conditions to develop before