- Abra signs international partnerships with four fiat-to-crypto gateways.
- The crypto banking services firm will now be available in over 150 countries.
Abra is expanding its services in over 150 countries through partnerships with four fiat-to-crypto gateways. Currently, the crypto banking services firm has signed deals with Simplex, Moonpay, Banxa, and Transak.
From providing services in 40 countries, Abra will now be available in 150+ countries. Moreover, Abra is not stopping. Notably, the crypto banking services firm seeks to add 10 to 15 additional fiat-to-crypto gateways. This means expanding its services to more geographical areas across the globe.
Abra CEO Bill Barhydt expressed that:
We may have a few that operate in a small part of the world, but they go very deep in that part of the world.
Additionally, partnering with diverse fiat-to-crypto gateways increases access to additional payment methods. Included are Visa, Mastercard, Apple Pay, Google Pay, Samsung Pay, SEPA, FasterPay, Australia Post, and more.
Simplex CEO Nimrod Lehavi particularly noted that:
The blockchain industry has been evolving so fast that we no longer need to wait for the banking industry to adopt crypto.
“We are building the entire banking functionality into our own products and platforms at any jurisdiction, and for any type of user,” added Lehavi. As of now, major companies and governments have been investing in blockchain. Recently, the Singapore government announced the launch of its blockchain-based innovation project (SBIP). The blockchain project is worth at least $8.9 million.
Also, Apple Co-Founder Steve Wozniak launched a blockchain-based energy-saving trading platform called EFFORCE. Moreover, the US Congress has included digital currencies in its 2021 NDAA bill.
All the above reinforces international interest in blockchain and cryptocurrency investing. Furthermore, it shows a corresponding surge in activity from global regulators.