Here Is How You Could Soon Buy Litecoin (LTC) Using Visa and Mastercard on the Abra App

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Here Is How You Could Soon Buy Litecoin (LTC) Using Visa and Mastercard on the Abra App

Post by GameOfCoins » Mon Jul 16, 2018 1:41 pm

Abra Global’s CEO, Bill Barhydt, earlier this year stated that the company was choosing the Litecoin (LTC) network for its smart contract investing solutions that will soon be available to users of the Abra App. Mr. Barhydt would explain this decision via Reddit when he was quoted as saying:

“We went with Litecoin as the second asset class, after bitcoin, for our smart contract investing solution for 3 primary reasons: 1. commitment to bitcoin compatibility: core roadmap, p2sh support, lightning support, etc; 2. slightly better scalability than bitcoin in short-term (block size and block times); 3. mining fees which are primarily a function of #2 although this is more of a short-term benefit as mining fees would likely skyrocket if we’re successful anyway!”

Abra would then go ahead and support Litecoin (LTC) withdrawals and deposits on the app on the 21st of May. The mobile app now supports a total of 25 cryptocurrencies with more on the way.

The firm has also announced that you can now buy Bitcoin (BTC) using your Visa and Mastercard on the platform. The service supports both credit and debit card purchases from anywhere in the world at or via the Abra App. The new service on the platform has been made possible through Abra partnering with Simplex and has the following advantages.

Read more at ... astercard/

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