The crypto wallet and exchange Abra just added the privacy-oriented crypto to its platform.
The team behind Abra is trying their best to help emerging economies drive a revolution in the field of global finance.
Abra founder and CEO Bill Barhydt stated that the mix between Abra’s UI and the privacy-oriented Monero offers an excellent way for consumers in Africa and other emerging economies to receive equal access to all classes of payments, investing and credit services as well.
Privacy is essential for Monero and Abra
“Like Monero, we see privacy as far more than just a useful feature: it’s critical to enabling the creation of a new order of decentralized financial systems,” said Barhydt.
He continued and explained that “adding Monero to our list of supported cryptocurrencies directly supports our goal of offering exposure to assets and financial services that have traditionally been difficult to access in a simple and secure way.”
Riccardo Spagni who is known as fluffypony is the Lead Maintainer of the Monero Project. He said that Monero’s listing on Abra would definitely result in a boosted ability for investors in emerging economies to unlock all sorts of new opportunities and markets.
Monero and Abra share the same target
Spagni stated that Monero and Abra have the same target: to create a system of global financial services that lack centralized authorities that are involved in usage, creation, distribution, and enforcement.
He also believes that Abra will be able to generate enhanced liquidity for Monero and more awareness which will support the development of the entire Monero community.
Consumers from all over the world can use Abra to invest in other cryptos, regardless of the origin of the assets.
At the moment, users can add money to their Abra wallets using bank accounts, American Express cards in the US or using Bitcoin from outside Abra from all over the world.