Abra (company)

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Abra is a financial services and technology company that produces a consumer peer-to-peer mobile payment service of the same name. Users can withdraw and deposit cash at "Abra Tellers" which can be individuals or businesses. A bank account is not required in order to use Abra in most countries. Abra was founded bitcoin payout address example in philippines in the Silicon Valley by Bill Barhydt, a former software engineer for Goldman Sachs and former director of Netscape.

The company announced in late that it would be taking its service out of beta and launching in the Philippines and the United States. All four entrepreneur advisors on the show were interested in being associated with Abra, but Barhydt chose Gwyneth Paltrow to advise the company. The company's service, a mobile wallet app and bitcoin payout address example in philippines network also called "Abra" for Android and iOS mobile devices. Users can deposit, withdraw, and transfer funds using a digital cash wallet stored directly on the device.

Users with bank accounts in certain countries can connect those accounts with their Abra wallet to deposit and withdraw digital cash to the Abra app. All users whether they bitcoin payout address example in philippines a bank account or not can deposit and withdraw digital cash via "Abra Tellers," which are often described as "human ATM machines. Abra Tellers can be either individuals or businesses e. Abra recommends a fee of 1.

Instead, Abra uses Bitcoin and its blockchain technology to store and encrypt cash deposits on the mobile device. The Abra model is entirely non-custodial, meaning neither Abra nor Abra Tellers ever take custody of anyone's funds other than their own.

In other words, everyone in the Abra system always holds their own money. A deposit and withdrawal are a purchase or sale, respectively, of digital cash via a peer to peer swap of paper cash in exchange for digital cash. Because of this, users can transfer funds immediately via a smartphone or tablet. The service is currently available to residents of the United States and the Philippines, but is due to expand globally by the end of From Wikipedia, the free encyclopedia.

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Bloomberg — via www. Retrieved from " https: American companies established in Companies based in Mountain View, California. Articles with topics of unclear notability from April All articles with topics of unclear notability. Views Bitcoin payout address example in philippines Edit View history. This page was last edited on 21 Marchat By using this site, you agree to the Terms of Use and Privacy Policy. Mountain ViewCAU. United States and Philippines.

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A Bitcoin wallet address is similar to a bank account number. You can share your Bitcoin wallet address with others. With this, they will be able to send you Bitcoin. Your Bitcoin wallet address can also be represented as a QR code.

If somebody wishes to send your Bitcoin, they can scan the code using their Bitcoin wallet and send Bitcoin to your wallet:. When you sign up with Luno , you'll be assigned your own unique Bitcoin wallet address. Any Bitcoin sent to this address will be added to your Luno account. You may want to keep your personal and business transactions separate, so we also allow you to add unique addresses to your account.

How do I receive Bitcoin using my Luno wallet? How do I send Bitcoin using my Luno wallet? What does it cost to use Luno? Does Luno charge any fees? Contact us for more help. Buy, store and learn about Bitcoin and Ethereum now. We are using cookies to provide statistics that help us give you the best experience of our site. You can find out more by visiting our privacy policy. By continuing to use the site, you are agreeing to our use of cookies. BitX is now Luno. Price charts Bitcoin Price Ethereum Price.

How to add an Ethereum wallet How do invite codes work at Luno? Do I have any? How do I use it? What is a Bitcoin wallet address? If somebody wishes to send your Bitcoin, they can scan the code using their Bitcoin wallet and send Bitcoin to your wallet: The receive Bitcoin screen Navigate to the receive Bitcoin page: Related articles How do I receive Bitcoin using my Luno wallet?

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