Mobile wallet service Abra will launch worldwide next month. The firm's product permits anyone with a smartphone to send or receive funds from their mobile wallet in more than 50 currencies, including bitcoin. The company claims its user interface won't confuse the average consumer. "Yes, my 70+ year old mother can use Abra with no help from me", said CEO Bill Barhydt in a post on the company's blog. Bitcoin is an open source distributed ledger technology that allows users and businesses to transfer money directly between each other without relying on banks or financial institutions.
Mobile wallet service Abra will launch worldwide next month. The firm's product permits anyone with a smartphone to send or receive funds from their mobile wallet in more than 50 currencies, including bitcoin. The company claims its user interface won't confuse the average consumer. "Yes, my 70+ year old mother can use Abra with no help from me", said CEO Bill Barhydt in a post on the company's blog. The service also allows bitcoin traders to becomes "Abra Tellers" to help consumers figure out how to transact using bitcoin.