Abra and Coinify Partnership to Extend Wallet Services to Europe

Abra, the first and only all-in-one cryptocurrency wallet and exchange, has partnered with Coinify, the leading global technology gateway for virtual currencies, to extend their services of buying and selling cryptocurrencies to the European market.

Abra wallets will now be powered by Coinify’s cryptocurrency-to-fiat trade engine, allowing for extended wallet services within the European region whereby users will have the option to buy bitcoin using bank transfers.

The Coinify integration will on-board European users of the wallet by offering them the option of Single Euro Payment Area (SEPA) bank transfers within the Abra app which will allow them to directly transfer money from their local banks. Users will then be able to proceed as usual with the app in using their funds to purchase bitcoin and exchanging the bitcoin for Abra’s offering of 28 different cryptocurrencies.

“We are pleased to announce this new method of funding an Abra wallet by working alongside Coinify, a strategic European cryptocurrency player,” said Bill Barhydt, founder and CEO of Abra. “With users from over 70 countries around the world and a greater demand for the ability and access to invest in cryptocurrencies from any bank account, we are committed to creating a seamless experience, which is why we integrated with the most-established industry player in the region.”

“With continued adoption of virtual currencies, we are excited to partner with Abra and extend our wallet services further,” said Mark Højgaard, co-founder and CEO of Coinify.

“Their expansion into the European market aligns with our strategy in bridging the virtual and traditional payments arena. Furthermore, Abra’s all-in-one currency exchange application is a brilliant example of continued differentiation within this space. We look forward to helping Abra on-board even more wallet users into their multi-currency swapping service, as well as being a part of their ongoing success.”

Previously, Abra wallets only accepted bank and wire transfers in the United States alongside the purchasing of cryptocurrencies with American Express, Visa and MasterCard debit and credit cards.

Abra is the first and only all-in-one global app offering a true crypto exchange and digital wallet in one place – making cryptocurrency investing simple. Abra empowers consumers to buy, store, invest and hold 28 cryptocurrencies and 50 fiat currencies on a single app.

Exchanges between multiple cryptocurrencies or fiat are quick, easy, and safe. Plus, with the Abra app, consumers can manage all crypto investments in one screen. Abra was founded in 2014 by Bill Barhydt, a veteran in the cryptocurrency space and an early Netscape employee. Investors include American Express Ventures, First Round Capital, Foxconn Technology Group, Arbor Ventures, Lerer Hippeau, RRE Ventures, Silver8 Capital
and others.