Abra, the star wallet in the market with multi-functionalities has listed Stellar Lumens [XLM] among the other 20 cryptocurrencies it earlier supported. The all-in-one crypto investment app has also added few other currencies to its wallet app earlier today and these include Bitcoin Gold [BTG], DigiByte [DGB]. Augur [REP], Status [SNT], Stratis [STRAT], and 0x [ZRX]. They are live and active for trading on the platform.
It now supports 27 cryptocurrencies and 50 fiat currencies with a feature that allows you to top up and send cash and token from inside the wallet.
Both Abra and Stellar Lumens confirmed the news with an official tweet on their respective social media platforms.
Abra's tweet
Abra’s tweet
Stellar Lumens [XLM] is worth a net of $0.195 at present with a decline of 4.02% in its volume. Users are expecting positive gains after this listing.
Pablo Brandon, an Abra user tweeted:
“Fucking love it because Coinbase sucks! XLM and XRP will be huge per coin, I can’t wait.”
Bitcoin, Ether, Ripple, Litecoin, Bitcoin Cash, Ethereum Classic, Dash, Zcash, Bitcoin Gold, Stellar Lumens, DigiByte, Dogecoin, Golem, OmiseGO, Qtum, Augur, Status, Stratis, Vertcoin and 0x are the initial 20 cryptocurrencies declared for trading by the company. The team said they are waiting on few things before listing Monero.
Brad Boone, a market enthusiast says:
“Really good choice in the coins. Specially for DGB which has been really undervalued for too long. I have a question though, when will we be able to send a transfer from our bank in Spain, to deposit fiat in Abra?”
Abra was previously using smart contracts based on Bitcoin’s technology and are currently working on shifting to Litecoin’s smart contract network to reduce volatility associated with the currency trades.
The team has been restlessly trying to ensure that buys and sells will not be affected drastically due to volatility. They have been successful in raising $40 million worth funds to date in addition to the 20 currencies support.