Founded in 2014 by Bill Barhydt and based in Sillicon Valley, the digital currency startup, Abra raises funding by Ratan Tata, American Express, First Round Capital and Jungle Ventures and secures around $14 Mn in Series A.
Abra and Digital Currency
Abra works on Bitcoin and crypto currency for interchange of currencies. The Abra app provisions storing digital cash, exchanging this digital money across your smartphones. This way any user carrying a smartphone having Abra app installed or any business using any exchange of digital money is a human ATM which Abra calls as Abra Tellers.
This would be first time for both American Express and Ratan Tata when they are investing in the crypto currency world.
“We are looking forward to market penetration advice and mentorship from Tata on how to expand into India as part of our global plan to build an Uber like payments platform in the world,” – Abra
Abra app will help in creating peer to peer money transfer network representing a global network of consumers with ease of deposit and withdraw cash from the Abra app across the globe.
With Abra your money gets:
- GLOBAL
- INSTANT, SECURE, PRIVATE
- NO TRANSFER FEES
- NO BANK ACCOUNT REQUIRED
- NO FOREIGN EXCHANGE RISK
Initially US and the Philippines will be the countries where Abra will be letting users to register themselves and experience the era of digital currency and digital cash.
