Crypto Super Wallets:
Future of Banking.
Direct fiat gateways. Buy any alt with fiat. Hopefully Steem soon! You can already buy ERC-20 tokens on Abra now with fiat pair. No having to go buy Bitcoin anymore and transfer to exchange to buy other pairs.
Instantly hedge your Crypto into dollars if needed.
Fund it through 1-2 day to bank transfers or American Express card or Bitcoin transfer.
Contracts are hedged through Bitcoin. Wallet is decentralized meaning Abra does not control your funds. Explained below how hedging contracts work.
From Terms of Use: Buy and Sell non-Bitcoin (BTC) cryptocurrencies and fiat currencies. You are buying a bitcoin-based software contract with Abra as the counter-party to receive the value of the currency you wish to invest in, either fiat or digital currency. You will have complete custody of your private key for the life of this transaction. Using Bitcoin software contracts gives you investment exposure to any currency with the payout in either bitcoin or your fiat currency when you cancel the contract by converting the currency back to bitcoin within the Abra App. When you want to withdraw digital currency proceeds from Abra, you must first exchange your digital currency for fiat currency or bitcoin. When you convert from bitcoin (BTC) to another cryptocurrency, you are selling bitcoin owned solely by you and buying bitcoin with a multi-signature structure. This structure enables Abra to provide you with exposure to alternative cryptocurrencies. This multi-signature transaction happens on the Bitcoin blockchain. You own one of two private keys, as described below in the section ‘2-of-2 Multi-Signature Wallet’, that allows you to exercise control over these bitcoin. You do not own the destination currency; instead, you own a multi-signature structured amount of bitcoin. These transactions may incur Bitcoin Network mining fees as a result of this. Conversely, when you convert a non-BTC cryptocurrency in your Abra Wallet to BTC, you are selling your multi-signature structured amount of BTC and buying or exchanging it to BTC. Buy and sell limits may apply to non-BTC cryptocurrencies. Abra reserves the right to modify the terms of non-BTC cryptocurrency purchases and sales at any time and for any reason, including but not limited to, discontinuing such non-BTC cryptocurrencies. In the event that a non-BTC cryptocurrency shall be discontinued, Abra shall provide wallet functionality to prompt you for a mandatory conversion from the non-BTC currency to BTC.
These are the apps that will take Crypto to mass adoption. User friendly with direct fiat to alt coins conversion, right within app.
The world is becoming tokenized. We are still in the early stages of this financial revolution. I expect the next 2 years will be the most interesting as early stage mass adoption takes root.
1000's of blockchains, millions of tokens and protocols that link them all together. I am getting very exciting about Aion main net launch and other interoperability protocols that will link in the blockchains like TCIPIP protocol does for the Internet. This way you can build dapps that can run on any blockchain or transfer value accross blockchains or launch your own blockchain instantly with it own features.
The best way to think about interoperability is like bridges that connect the roads, which in this case is blockchains.
I plan to write an article overview about interoperability in the coming days. This is a key aspect many mainstream Crypto dudes are leaving out nor talking about.
Make sure to follow me to get new posting about key investing into this space. I do share some of my research that has lead to great success in the past before mainstream Crypto is aware of the new trend.
Have a great Crypto weekend.
Abra might become the first bitcoin wallet to get a mainstream userbase owing to its unique design as it manages to avoid various regulatory issues of transferring money cross-borders by being a simple and straightforward technology to use. Why should we go to the banks, fill a number of forms, provide ID proof and a ton of other details to send money to a relative overseas? An app like this needs to go mainstream to solve various challenges in crypto adoption rate and mainstream use🙂
Can I sell Alts there and cash out Fiat?
yeap.
They have 13 Cryptos live now and 7 more will be added. They are planning to add 100s of Cryptos down road. If there was a wallet like this a few years ago it would have saved me a ton of trouble trying to buy alt coins on shitty low volume exchanges. Early adopters have been rewarded for going through the trouble, so I am not complaining just saying what a bottle neck that is having to go buy BTC first then transfer it to some other exchange to buy alt. I believe as Crypto gets regulated and more easy fiat to crypto options become available, this is what brings mainstream adoption and much high prices along with it.
Better got one safe and good secure wallet then milions of shitty ones or keeping on exchange;) Cryptoworld needs now easy fiat/crypto pairs that will be huge step for building in people's mind trust to tokens and become more valuable for investors. Thanks for Your answer i will check that wallet.
Nice Information, thanks !
Make sure to check out my airdrops posts too!
This is very good for adoption, crypto investing made easy and convenient
Thanks for sharing
great very informational post. thanks for share.
One of the biggest problems in crypto is indeed usabililty, this seems like a step forward!
Good post.. good luck