Abra May Be Bitcoin’s First User-Friendly, Mainstream Wallet - Crypto Insider - Bitcoin and Blockchain News


Various Bitcoin startups around the world have been attempting to bring this new technology to the masses for years, but consumer adoption is nowhere near the levels that some venture capitalists predicted a couple of years ago. However, Abra may have finally figured out the proper design for a bitcoin wallet that can be used by a mainstream userbase. During a recent interview with Reason’s Jim Epstein, Abra CEO Bill Barhydt explained how this new bitcoin wallet hides the complexities of the technology so everyone’s mothers will be able to use it, in addition to how Abra could have powerful utility for international payments. “You can hold, for the first time, dollars on a phone in the US and send RMB to a phone in China, and the money magically shows up on the phone,” said Barhydt. “So, think of it like Venmo but crossborder.” Although Barhydt claimed he did not set out with the intention of creating the world’s first mainstream bitcoin wallet, he and the rest of the team at Abra may have done just that.


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