As Bitcoin apps such
as Abra increasingly bridge the fiat gap by providing more options to buy and sell Bitcoin, could physical BTMs become obsolete?
Covering the short, the company says, doesn't generate liquidity risk,
as Abra tellers will eventually need to sell bitcoin.
We reiterate our Litecoin price prediction for 2018
as Abra CEO Bill Barhydt predicts that the crypto market will enter into another bull run when western institutional investors begin pouring money into this space.
However, note that you are in control of that underlying value,
as Abra is a non-custodial service.
With our support for Bitcoin Traders
as Abra Tellers, Bitcoin Traders can now hold Bitcoin in their Abra App but process deposits and withdrawals in any world currency that the Abra App supports.
Absolutely, Indian rupees will be one of the 50 + currencies we support and people in India will be able to do business
as Abra Tellers with the next major release of the app.
Q2:
As Abra offers «bank in / out» via exchange partners in more countries as we do in the US and PH users will be asked to provide whatever KYC details those exchange partners require to load funds into your Abra App — in their country.
Although Bitcoin is, and will continue to be, the world's leading cryptocurrency, companies such
as Abra are taking a closer look at alternative currencies.
It is evident that altcoins are becoming increasingly popular, and firms such
as Abra are keeping close tabs on the market in this regard.
As Bitcoin apps such
as Abra increasingly bridge the fiat gap by providing more options to buy and sell Bitcoin, could physical BTMs become obsolete?
Not exact matches
6:32 Bill explains how
Abra is using bitcoin
as programmable money to create global financial inclusion.
TSX.V:
ABRA («AbraPlata» or the «Company») confirms that,
as previously disclosed in the Company's Filing Statement dated March 1, 2017, and in connection with the completion of its reverse takeover of Huayra Minerals Corp. («Huayra»), the Company has changed its auditors from Saturna Group Chartered Professional Accounts LLP (the «Former Auditors») to Crowe Mackay, LLP (the «Successor Auditors» and together with the Former Auditors, the «Auditors»).
Although
Abra has always been powered by Bitcoin, the new addition will allow users to buy, store, transfer and spend Bitcoin directly
as
As soon as the money is sent, the recipient can instantly withdraw the money from an Abra teller in the other part of the worl
As soon
as the money is sent, the recipient can instantly withdraw the money from an Abra teller in the other part of the worl
as the money is sent, the recipient can instantly withdraw the money from an
Abra teller in the other part of the world.
In a Reddit AMA session on Monday,
Abra CEO Bill Barhydt explained why Litecoin was on his company's radar and why it was quickly replacing bitcoin
as the smart contract of choice.
As a mobile wallet,
Abra is also convenient for buying, selling, and spending bitcoin while traveling.
Abra will remain open for «business
as usual» with no service disruptions.
(
As a reminder
Abra is a non-custodial digital currency wallet.
You can send them bitcoin and they'll receive it
as dollars with their
Abra wallet.
So
Abra uses Bitcoin
as the underlying contract to represent the value of ether (ETH) within our app.
Am I,
as the consumer storing digital cash, one party and
Abra the counterparty?
So yes, the way to do that in the
Abra app is to set US Dollars and Bitcoin
as your wallet currencies.
As a non custodial wallet
Abra is not an e-money company or money transmitter.
Abra is doing the same thing but using Litecoin and Bitcoin instead of USD with
Abra acting
as the counterparty (i.e. the other signatory) to the P2SH scripts.
Today, we're excited to announce a major upgrade to our
Abra app to support investing in ether, the digital currency that powers Ethereum,
as well
as bitcoin and fiat.
As mentioned in the above blog post,
Abra does not currently support the Bitcoin - Cash (BCH, BCC) fork.
Presumably with the way in which the
Abra smart contracts work mean that in future you might be able to transfer to other stores of value (thinking specifically of precious metals such
as gold or silver) in order to hedge both crypto and fiat currency risk?
As someone who has been to almost every european country (something I'm quite proud of actually... lol) I'm really excited about getting
Abra live in Europe.
Unlike most exchanges, you do not need to provide any form of identification to store USD and BTC on
Abra **
as we do not hold your bitcoin or USD funds, they are stored directly on your
Abra App.
Abra intends to add an Oracle function
as a third signature, likely in another legal jurisdiction, later this year.
Abra does offline hedging to mitigate our counterparty risk but this does not affect the functioning of the wallet nor the obligation of
Abra as the counterparty in any way.
In the case of
Abra, however, consumers and Tellers are always holding their own money just
as with the standard open source Bitcoin software.
Can I use
abra platform
as our mining wallet?
(too many will have wider appeal for
Abra BUT viability concerns for the Tellers); (iii) Third, confirm that any country specific licences to conducting oneself
as a Master / Ordinary Teller is sole responsibility.
Abra as an exchange: If I don't use a teller but instead buy digital currency through a bank transfer or debit card, then I am not buying digital currency from
Abra?
Therefore, you can not participate and use
Abra as a compatible wallet for an ERC 20 token ICO.
as we do not hold your bitcoin or USD funds, they are stored directly on your
Abra App.
I got the
ABRA app to buy and hold bitcoin —
as I read it was much easier than the constant paypal transferring I was doing to fund a virwox account.
When you exchange from BTC to ETH within
Abra, there is a network fee incurred
as we move the underlying funds to an «BTC contract».
As everyone is always holding their own money in their
Abra App and no third party directly facilitates the transfer of money, money transfer laws don't apply and no foreign exchange happens.
Even though we do not support banking deposits / withdrawals in Canada, you can send in bitcoin from an external BTC wallet and use
Abra as a secure mobile, non-custodial wallet.
You can use
Abra at any time where you intend to buy, hold, sell, send, and receive bitcoin or any of the 50 + fiat currencies available through the
Abra app (a fiat currency is a government - issued currency, such
as US dollars or Euros).
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 conversio
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 conversio
as a one - time conversion.
Today these P2SH scripts are 2 of 2 multi-sig scripts with
Abra acting
as the second signature.
We currently use Bitcoin
as the underlying asset to reflect the value of ETH in your
Abra app.
If you will be at Money2020, please join my session today where I'll dive into the pillars of
Abra's vision for the future of bitcoin
as the basis for digital banking, namely: payments, global investing, and asset finance.
While bitcoin is the only crypto - currency that
Abra supports, now that you have bitcoin, you can use it with any third - party service that accepts bitcoin
as a payment method for buying other crypto - currencies.
In the future,
Abra may open up the system so that others can act
as counterparties to these contracts once a full smart contract implementation is in place.
When we launched
Abra as a platform for enabling money transfer and payments using bitcoin, users immediately started giving us feedback that
Abra was now their go - to method to convert between fiat and bitcoin.
To answer your question:
as per Step 1 in the blog post above, you should set your wallet currency to USD if you want to receive $ 100 in your
Abra wallet.