Fiat-to-Crypto partnerships broaden Abra's presence to over 150 nations

Abra is expanding its cryptocurrency market to dozens of other countries through partnerships with four fiat-to-crypto gateways.

The Silicon Valley-based crypto banking services company is now available in over 150 countries (previously it was only about 40) thanks to contracts with Simplex, Moonpay, Banxa and Transak.

In an email to CoinDesk, Abra CEO Bill Barhydt said the service is akin to a "kayak for buying crypto."

Through the international partnerships, Abra now has access to additional payment methods such as Visa, Mastercard, Apple Pay, Google Pay, Samsung Pay, SEPA, FasterPay, Australia Post and more.

Over the next year, Abra plans to add 10-15 additional fiat-to-crypto gateways to cover more regions.

"We may have some who operate in a small part of the world, but they go very deep into that part of the world," said Barhydt.

The move comes in the face of an increase in international interest in cryptocurrency investments and a corresponding increase in the activities of global regulators.

"The blockchain industry has developed so quickly that we no longer have to wait for the banking industry to adopt crypto," said Nimrod Lehavi, CEO of Simplex, to CoinDesk. "We're building all of the banking functionality into our own products and platforms in every jurisdiction and for every type of user."

Comments are closed.