Abra, the Bitcoin-based digital wallet service that allows people to send, receive and withdraw cash on their smartphones using the mobile application and Abra Teller network has entered the US market. Abra’s entry into the United States now makes it an international player.
The company, with plans to cater to the global audience, was available only in the Philippines until now. With is launch in the US, Abra users in both the countries can now send and receive money over the platform. Abra was created keeping the requirements of both cash dependent and cashless economies in mind. While the mobile application allows users to make electronic transfers to and from their bank accounts. Those who do not have a bank account or wants to make cash transactions can do so by converting the digital cash sent over Abra network to physical cash at Abra Tellers in their neighborhood. However, Abra Teller network is currently available only in the Philippines.
Similar to the operation in the Philippines, users of the platform in the United States can send digital cash to any user in the United States and the Philippines. According to the company, Abra makes fund transfer as easy