Abra

Digital wallet for worldwide money transfer

Basic facts

Abra is a digital wallet that lives on your smartphone.
DEPOSIT: fund your wallet with your bank account or use cash by visiting an Abra Teller in your area.
SEND: use the Abra app to send or receive money worldwide with no fees and within just some minutes. Buy things online wherever Abra is accepted.
WITHDRAW: use the app to transfer funds to your bank account, or find a nearby Teller to get cash.

Why Blockchain?

Abra operates in the P2P money transfer market using bitcoin technology as the underlying infrastructure. It serves both banked and unbanked users and facilitates remittances and merchant transactions. Its innovative model of value transfer is customer engaging; anybody can transfer money and can become a teller (human ATM) which has created a brand new market of its own.

Through specific financial transactions (hashing) Abra on the one hand avoids any crypto currency typical volatility – the user „owns“ and „transfers“ fiat money like USD. In the other hand Abra at no timepoint has ownership on the money – Abra says that through this they do not function as a bank and therefore do not need a bank license.

Note

This site just shall give you a first impression of the depicted application. Please contact us, if you are interested in a detailed analysis of a specific use case or branch.