Mobile cryptocurrency app Abra has added 50 investment options, including shares in Apple and Facebook, and made its services accessible to users in 155 countries. The blockchain-based service creates synthetic financial instruments using a "crypto-collateralised contract", which pegs the value of the investment to bitcoin. In an interview with CNBC, CEO Alex van der Zwaan, who is also head of product at mobile wallet company Coinbase, said that he was inspired by Bitcoin because it allows people to
Mobile cryptocurrency app Abra has added 50 investment options, including shares in Apple and Facebook, and made its services accessible to users in 155 countries. The blockchain-based service creates synthetic financial instruments using a "crypto-collateralised contract", which pegs the value of the investment to bitcoin. Its proprietary automated hedging system tracks the asset, with customers seeing profits and losses, as if investing directly in that asset.