The Stellar Foundation supports the Abra crypto wallet
The Stellar Development Foundation (SDF) just invested $ 5 million in Abra, an American startup that offers a portfolio and the ability to trade cryptocurrencies.
After a Press release, Abra will use the funds to accelerate the integration of Stellar protocol. The start plans to operate the network Stellar as ” Blockchain backend Improvement and development of new financial services.
We can’t think of a better partner than the Stellar Development Foundation […] By integrating with Stellar, we can build the next generation of banking services and leverage the network’s ability to combine traditional banking infrastructure with innovative blockchain opportunities, ”said Bill Baryhdt, CEO of ‘Abra.
Founded in 2014 in San Francisco, California and supported by American express companyToday, the startup makes it possible to invest in a hundred digital assets, including Bitcoin, Ethereum and XRP.
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With Abra joining the Stellar ecosystem, we’re offering developers a compelling tool to create even more innovative business models that are available on the network, ”added Jed McCaleb, SDF co-founder.
In March of last year Abra also closed the Celo Alliance, an initiative that, like Facebook’s Libra project, aims to accelerate the adoption of cryptocurrency as a means of payment and improve financial inclusion.