European cryptocurrency fans received a boost as crypto wallet and exchange, Abra announced its support for Single Euro Payment Area (SEPA) bank accounts.
The move will enable customers to buy and sell any of the company’s 28 available cryptocurrencies.
Abra founder and CEO, Bill Barhydt said: “With users from over 70 countries globally, and a greater demand for the ability to invest in cryptocurrencies from any bank account, it is really important to give investors the opportunity to fund their Abra wallet directly from any bank account.
“This new feature is helping to change the way people invest, adding to a brighter future for the cryptocurrency market around the world.”
Before, Abra wallets were only funded through US-based bank accounts and wire transfers. It also supported funding made through various debit and credit cards.
Now, users from the European Union and European Free Trade Association can use their SEPA accounts to recharge their wallets in Euro or in their national currency.
After the money is transferred, the user receives bitcoin. The bitcoins can be stored or exchange with other cryptocurrencies.
The European cryptocurrency transactions also allow for conversions into fiat currency. In addition, it can be re-deposited into bank accounts.
Besides supporting SEPA bank accounts, Abra wallet has launched three additional new coins, Cardano (ADA), Basic Attention Token (BAT) and Tron (TRX).