Consumers In Over 150 Countries Can Now Buy Stocks With Bitcoin

San Francisco-based Bitcoin investment program Abra has introduced its service to users beyond the US permitting 150 countries to buy stocks.

Bitcoin-Collateralized Stocks Arrive For Consumers

Abra, which established its investing agency in February, will cater to anybody in 155 countries wishing to obtain exposure to different assets such as traditional stocks and exchange-traded funds (ETFs), utilizing Bitcoin 00.

The transfer represents a pioneering deal for holders, even together with the launching similarly earning Abra the very first company to offer such options from the US itself.  

“Investing in financial markets is a fundamental tool to build wealth. Yet outside the United States, most of the world’s population isn’t invested in financial assets or markets due to problems of access and affordability,” CEO creator Bill Barhydt stated May 29 from the press release.

Okay crypto friends. Today is your big day! Bitcoin -> Stocks, ETF's, Fiat. Love!! https://t.co/n5xn5tTKvV

— Bill Barhydt (@billbarhydt) May 29, 2019

The expansion also involves a change of target audience, with all those investors who would otherwise be closed from the machine currently forming a focus for onboarding.

In thus doing, Barhydt hinted he intends to democratize advantage investing making it accessible to echelons of society.

“Abra is addressing this inequality by allowing people to have a bet in financial markets,&rdquo.

The purpose of this launching is to make markets of the world more affordable and accessible to those in emerging markets.

CEO: Venezuela On Board

Abra currently supplies over 50 investment opportunities with Bitcoin, such as Tesla, Uber, Apple, Amazon and Google gold and oil trusts, as well as stocks.

As part of this rollout, the Business is offering a referral scheme for new users to gain $25 when opening a new account, Including a non-custodial Bitcoin wallet.   Trading charges will be kept in zero for the remainder of 2019.

Based on Barhydt, the global appeal is already tangible, together with Venezuelans using the product to put money into stable options to the country’s stricken sovereign bolivar (VES).

Prior to the launching, he further foresaw taxpayers in Argentina, Turkey, and even Sudan forming a use case, with every economy suffering from raising problems and fiat currency uncertainty.

“Tens of thousands of investors from around the world signed up to the waitlist to access this revolutionary item,” Abra vice president of product Willie Wang added.

We’as we gather feedback from users re excited to see which assets are in demand internationally and will continue to include assets.

Will this really be a major step in bridging traditional fund and bitcoin? Share your ideas below!

Pictures via Shutterstock

The post Consumers In Over 150 Countries Can Now Buy Stocks With Bitcoin appeared first on Bitcoinist.com.

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