Technology

Ripple/XRP: XRP will soon hit Abra cryptocurrency platform, confirms CEO Bill Barhydt

XRP has taken another major step towards worldwide legitimacy and acceptance after it was confirmed that Abra would soon support XRP on its platform. Abra is an unsupervised crypto wallet and a dedicated investing app which boasts an impressive thirty different crypto-asset investment options.

The news surfaced just after it was announced by Abra that the organization’s crypto platform will soon offer users the option to purchase stocks of blue-chip companies like Amazon, Facebook, and Netflix using Bitcoin. The announcement was a huge win for the Bitcoin community as the proposal significantly pushes Bitcoin’s status further forward into the cryptocurrency universe.

Alongside the stocks, the users will also be able to place the order for Exchange traded funds (ETFs) via Bitcoin. The company also promised to add more global assets in the future.

Talking about the development, the CEO of Abra, Bill Barhydt said that:

“Our vision for Abra is to create a single app that serves as the go-to investing app for the globe, This is just our first announcement, over time you will see other services in the banking arena to democratize access to financial service.”

As soon as this announcement was released, it was received like wild fire by millions of cryptocurrency users globally, especially those belonging to the community who supported XRP and who could not wait to approach Abra’s CEO for the native acceptance of their beloved XRP on Abra.

One certain Twitter user @XRP_nation put forward the aforementioned query to Abra’s CEO on the social media. The CEO replied in the affirmative while suggesting that no exact date has been set.

Source: Twitter

As Abra plans to add XRP to their list, it is also interesting as to when the official date of native XRP adoption will be revealed. At the time of writing, the price valuation was a relaxed state with a slight upscale. As per the data from Coinmarketcap, XRP is the 2nd largest cryptocurrency in the market with a market cap of $12,229,552,355. It is presently valued at $0.29 and has gained 1.25% percent over the past 24hrs.

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