What is Ethereum?

The world’s computer: An illustrated guide to Ethereum

In order to help celebrate our recent announcement about the addition of Ethereum native support to the Abra app (which means direct deposits and withdrawals of ether to and from an Abra wallet are now possible), we produced another in our ongoing series of graphic illustrator explainers.

In “The world’s computer: Ethereum and the reinvented internet,” we take a look at what Ethereum is, why it was created, and what sorts of applications people are developing on the platform.

Be sure to check out the first part of the series, “When code meets money: The match that made Bitcoin,” which was produced in partnership with Unbankd in celebration of the Bitcoin network’s 10-year anniversary.

At Abra, we believe that the technology driving cryptocurrencies has enormous potential to create positive disruptions in traditional finance, and ultimately lead to outcomes fostering greater global financial access and equality.

But before those outcomes can be realized, mainstream crypto adoption has to happen. Part of that adoption rests on increasing crypto literacy for everyone. To that end, we present: “The world’s computer: Ethereum and the reinvented internet.”

About Abra

Established in 2014, Abra is on a mission to create a simple and honest platform that enables millions of cryptocurrency holders to maximize the potential of their assets. Abra enables both individuals and businesses to safely and securely buy, trade, and borrow against cryptocurrencies – all in one place. Abra’s vision is an open, global financial system that is easily accessible to everyone.

Why Abra

Based in the United States, Abra is available in over 150 countries and makes it easy to convert between crypto and a wide variety of local fiat currencies. With over 2MM customers, $7B in transactions processed, and $1.5B in assets under management, Abra continues to grow rapidly. Abra is widely loved and trusted – in April 2022, pymnts.com reviewed and rated Abra amongst the top 5 most popular crypto wallets in the market. Abra is backed by top-tier investors such as American Express Ventures and First Round Capital.

How Abra Protects Your Funds

Abra places clients’ financial objectives and security first. Abra practices a culture of risk management across all levels and functions within the organization.

Abra employs a state-of-the-art enterprise risk management framework that comprises a comprehensive set of policies, procedures, and practices detailing all applicable risk-related objectives and constraints for the entirety of the business. Abra has instituted a complete set of requisite systems and controls that continuously enforce these policies, procedures, and practices to manage all operations, including credit and lending. Abra’s independent Risk Committee comprises experienced compliance, risk, securities, and fraud operations professionals with backgrounds in industries ranging from traditional and digital assets banking, payments, remittance, to fintech.

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