The financial platform and supplier of the Abra wallet associated with Bitcoin and a number of other cryptocurrencies received$ 5 million funding from the Stellar Development Foundation.
The organization’s statement said that thesethe investments are designed to accelerate the integration of Stellar as a back-end solution and expand the financial services capabilities of the Abra platform, which will receive new products based on the Stellar blockchain.
</p>“Abra is creating a portfolio of financial services products that fully meet our mission to create equitable access to the global financial system.”— said Stellar Development Foundation CEO Denelle Dixon.
The Abra platform is one of the veterans of the bitcoin industry. The company has been operating since 2014, initially offering an application for money transfers between the Philippines and the United States.
In the fall of 2015, Abra received $ 12 million in funding, including from American Express Ventures.
Subsequently, the geography was expanded: in 2016, the company entered the US market, and after a while added the option of investing with the help of bitcoin and other cryptocurrencies in traditional financial instruments.
Earlier in May, the Stellar Development Foundation announced a strategic partnership with Elliptic, a cryptocurrency risk management company.
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