SegWit2X & Bitcoin Cash Update

The SegWit2X hard fork planned for next week has been called off by a majority of the miners as well as the development leaders of the effort. While there is a chance that a minority of miners may choose to move forward with a 2x hard fork, Abra currently has no plans to support the minority chain in any form. In other words, there is no forthcoming change to Bitcoin and you may continue to transact as always with Abra.

Bitcoin Cash Conversion Update

As we mentioned during our recent update, Abra intends to add a one-time conversion for Bitcoin Cash such that users who were holding Bitcoin with Abra during the August 1 Bitcoin Cash hard fork will receive their Bitcoin Cash in the form of additional bitcoin as a one-time conversion.

We’ll inform you when this one-time conversion is available within the Abra App via push notification as well as Email and SMS. This one-time conversion may take a few months to implement and could potentially be ready in early 2018. We appreciate your patience as we work through and carefully test the implementation.

For more information or support please visit the Abra Support Pages.

Tags: