You can now fund your wallet using VISA or Mastercard globally! Buy bitcoin with your debit or credit card on the web or directly in the Abra app: https://t.co/Z6ap7kVlaR
— Abra (@AbraGlobal) July 12, 2018
According to the announcement, the new purchasing options are made possible via a partnership with Simplex, a fraudless payment credit processing provider for the crypto world.
Previously, Abra users have had the ability to fund their accounts using American Express, in addition to bank and wire transfers, or by simply transferring Bitcoin or Litecoin purchased elsewhere. This is in contrast to Coinbase, which recently made the decision to remove credit payment options after a number of big U.S. and European credit-card issuers placed restrictions and additional fees on the transactions.
In April, Abra announced that it will be adding 5 new altcoins to its platform: NEO (NEO), Verge (XVG), Monero (XMR), NEM (XEM) and Lisk (LSK). With the latest additions, Abra now allows its platform users to buy, sell, hold and invest in 25 cryptocurrencies and 50 fiat currencies.
More recently, Abra revealed support for direct deposit and withdrawals of Litecoin. Additionally, it announced intentions to transition towards Litecoin-pegged smart contracts that enable Abra users to enjoy a wider range of coin offerings and lower fees.