CONSUMERS IN OVER 150 COUNTRIES CAN NOW BUY STOCKS WITH BITCOIN

May 30,2019 at 08:22 pm


The Bitcoin investment app Abra has released its service to users outside the US allowing over 150 countries to buy stocks.


Abra, a San Francisco based company which launched its investing service in February, will now cater to anyone in 155 countries wishing to gain exposure to various assets including traditional stocks and exchange-traded funds (ETFs), using Bitcoin.

 

“Investing in financial markets is a basic tool to build personal wealth. Yet outside of the United States, most of the world’s population is not invested in financial assets or markets due to issues of access and affordability,” CEO founder Bill Barhydt said in a press release.


The expansion also involves a change of target audience, with those prospective investors who would otherwise be shut out of the system now forming a focus for onboarding.


He continued


"The focus of this launch is to make financial markets of the developed world more accessible and affordable to those in emerging economies."

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