Users Can Invest In Shares And ETF Using Bitcoin
The Abra feature is available to users outside the United States. It allows users to access a fraction of high-cost actions.
The application of global investment with cryptocurrencies, Abra, launched on May 29 a new feature for the purchase of traditional shares and investment funds quoted (ETF) in the United States, using Bitcoin. According to Abra, for the first time international users will have access to this type of investment in US financial markets.
Abra reported that the new tool will be available to users in 150 countries and that for the rest of 2019, it will not charge commissions for its use. The novelty of this investment model is that it will allow the fractional purchase of high-priced shares, from a minimum of USD 5. “Just as investors can own a fraction of a bitcoin, they can now use Abra to own high-end stock fractions. price and ETF, “explained Abraun email sent to the newsroom of CriptoNoticias.
Bill Barhydt, CEO and founder of Abra, said that, although investment in financial markets is a valid tool for creating personal wealth, access to it is limited outside of the United States. “Abra is addressing this global inequality by allowing more people to participate in financial markets,” the executive said.
According to the statement, from this announcement users of the application will open the opportunity to invest in more than 50 traditional shares and ETF in the US financial market, with bitcoins. Among them are some very popular actions such as Tesla, Uber, Apple, Amazon, Google, Netflix and Berkshire Hathaway. They also include commodities (commodities) such as SPDR Gold Trust and oil; indices such as Vanguard Growth, S & P 500, Real Estate and Russell 2000; as well as international markets in Asia, Australia, Mexico and emerging markets.
However, the feature, offered by Plutus Technologies Philippines Corporation (Abra International) is not available to users who are citizens or residents of the United States, Cuba, Iran, North Korea, South Sudan, Sudan, Syria and Ukraine.
The US startup, based in the city of San Francisco, is characterized by offering a platform without custody, which means that the funds are stored in the chain of Bitcoin blocks using smart contract technology. The application supports 30 different cryptocurrencies and works as a cryptographic portfolio and exchange house, connected to users’ bank accounts.
In September 2018, it incorporated the cryptocurrency purchase option from bank accounts for users in Spain and the European Union in general. This service allows exchange with cryptocurrency and fiduciary currency.
Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.