Bitcoin Wallet App Abra Announces the Integration of Ethereum.
Bitcoin wallet app Abra is adding support for ethereum, the startup announced today.
The move to include the world’s second-largest cryptocurrency by market capitalization in its list of currencies was unveiled at CoinDesk’s Consensus: Invest event in New York. According to founder and former Netscape director Bill Barhydt, the ethereum option will be available within the week, alongside bitcoin and dozens of government-issued currencies.
In addition to ethereum, Abra is also beefing up its wallet app’s storage capabilities, allowing users to hold multiple currencies at a given time.
In this regard, Barhydt explained: “You can store access to ethereum and store three different wallets at the same time, so dollars, bitcoin and ethereum all at the same time. And we believe this is the first time this has all been possible in a non-custodial wallet.”
The wallet app maker, which came out of stealth mode in 2015 and raised a $12 million Series A funding round that fall, is also moving to add support for multi-signature transactions as well.
Currently, Abra uses a single signature model, by which a user signs transactions with their associated private key. By using a “two-of-two” multi-sig wallet, both the user and the app would have to greenlight on any transactions before they are broadcast.
Later next year, Abra will expand on this feature, adding a “two-of-three” model backed by a third-party oracle service that can sign in the place of either the user or Abra itself.
“It really is directly responding to consumer requests for more and better things in the Abra app, and we’re excited to give them what they want,” he told the specialized media.
In summary the blockchain-bitcoin technology come together and make it possible for new start-up companies to offer new services such as the integration of diverse applications that offer users comparative advantages in terms of the use of their financial resources.The most important thing is that the opinion and the wishes of the users are taken into account, at the end of the process it is win-win for those involved. It waits for new ads.
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